NYSE-listed The Mosaic Company will idle its 2.6-million tonne Colonsay potash mine, in Saskatchewan, for the remainder of 2016 and halt current turnaround activities the company announced Wednesday.
Lower global potash demand and market prices require that we curtail production. Idling Colonsay will enable us to meet our customers’ needs while reducing our production costs,” president and CEO Joc O’Rourke stated.
