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Fertilizer firm Nutrien curtails potash production at Cory due to Port of Vancouver strike

Kitco Media
By Vladimir Basov
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(Kitco News) - Nutrien (TSX: NTR) (NYSE: NTR) announced today that it has curtailed production at its Cory potash mine in Saskatchewan due to the loss of export capacity through Canpotex’s Neptune terminal as a result of the strike at the Port of Vancouver.

Nutrien said it expects full-year 2023 Potash adjusted EBITDA will fall below the bottom end of its previous guidance range due to factors impacting offshore sales through Canpotex, including the strike, Portland terminal outage and lower global potash prices than previously anticipated.

The company added it will provide updated full-year 2023 guidance reflecting these impacts at the time of its second quarter results on Wednesday, August 2, 2023.

“The disruption at the Port of Vancouver has resulted in the curtailment of production at our Cory potash mine and if prolonged could also impact production at our other potash mines in Saskatchewan. We urge the parties in this dispute to come to a swift resolution to prevent further damage to the Canadian economy,” said President and CEO Ken Seitz.

Nutrien is the world's largest provider of crop inputs and services. The company operates a world-class network of production, distribution and retail facilities that positions it to efficiently serve the needs of growers.

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Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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