Table Of Contents
Executive Summary ................................................................................ 3
Is A Greenfield Project Necessary? ............................................................ 6
A Historical Look At Demand ................................................................. 6
So When Do We Need A Greenfield Potash Project?.................................. 9
Socio-economic Investing – Likely Driver Near Term For
Greenfield Potash Expansion................................................................ 10
So What Potash Price Is Needed To Justify A Greenfield? ........................... 10
Still Prefer Solution Mining Over Conventional Mining ................................ 11
Build-versus-buy Decision For New Entrants Into Potash Industry............... 12
Why Western Canada To Locate A Greenfield Potash Mine? ........................ 13
What To Look For In A Potash Deposit ..................................................... 14
Additional Factors To Consider ............................................................. 15
Why Does The World Need Potash? ......................................................... 19
Overview Of Companies Involved In Potash Exploration/Development ......... 20
Agrium Inc........................................................................................... 25
Allana Resources Inc. ............................................................................ 26
Altius Minerals Corp. ............................................................................. 27
Amazon Mining Holding plc .................................................................... 28
Americas Petrogas Inc. .......................................................................... 29
Arab Potash Company ........................................................................... 30
Atacama Minerals Corp. ......................................................................... 31
Athabasca Potash Inc. ........................................................................... 32
BHP Billiton Ltd..................................................................................... 33
CanAsia Industries Corp. ....................................................................... 34
Encanto Potash Corp. ............................................................................ 35
Grizzly Diamonds Ltd. ........................................................................... 36
Israeli Chemicals .................................................................................. 37
JSC Acron ............................................................................................ 38
Karnalyte Resources (Private) ................................................................ 39
Lara Exploration Ltd. ............................................................................. 40
MagIndustries Corp. .............................................................................. 41
Marifil Mines Ltd. .................................................................................. 42
The Mosaic Company............................................................................. 43
Orocobre Ltd. ....................................................................................... 44
Passport Metals Inc. .............................................................................. 45
Potash Corp. ........................................................................................ 46
Potash One Inc. .................................................................................... 47
Qinghai Salt Lake Potash Company ......................................................... 48
Reward Minerals Ltd.............................................................................. 49
Ringbolt Ventures Ltd. ........................................................................... 50
OAO Silvinit ......................................................................................... 51
Sociedad Quimica y Minera De Chile SA (SQM) ......................................... 52
South Boulder Mines Ltd. ....................................................................... 53
Talon Metals Corp. ................................................................................ 54
Transit Holdings Ltd. ............................................................................. 55
Uralkali................................................................................................ 56
Vale S.A. ............................................................................................. 57
Vulcan Minerals Inc. .............................................................................. 58
Western Potash Corp............................................................................. 59
Appendix 1. Overview Of Global Potash Resources .................................... 60
Appendix 2. Taxes ................................................................................ 88
Appendix 3. Potash Processing ............................................................... 94
Appendix 4. Saskatchewan Potash Permits............................................. 104
Appendix 5. Glossary .......................................................................... 106