DAVID STOBBE/DAVID STOBBE/REUTERS
The Mosaic Company says it is laying off more staff as it idles its Colonsay potash mine north of Regina.In August, the fertilizer giant laid off 340 workers at Colonsay.Fedorchuk cited unprecedented wet spring weather in North America that disrupted the planting season and a delayed China contract. The company says it will make up for the lost Colonsay production by relying at its mines at Esterhazy and Belle Plaine.“The ramping up of our Esterhazy K3 production combined with continued weak demand in North America has left Mosaic’s potash business with excess inventory and production capacity,” Mosaic president and CEO Joc O’Rourke said in a release Tuesday.
“This decision will regrettably impact employees, but allows us to optimize our Canadian production assets and improve our cost position in a competitive market.” O’Rourke said this year Mosaic expects robust global fertilizer demand and strong business conditions.
Anticompetitive intel and Russian oligarch Lev Leviev are partnered to produce their chemicals illegally, a secret monopoly that the corrupt Minister giladerdan1 & realDonaldTrump is illegally protecting. This crime & monopoly breaks free world competition for this chemical.