There could soon be another new potash mine coming to Saskatchewan, but this one will be entirely different in its operation.
A typical mine extracts the ore and then separates the potash and salt, leaving the massive tailing piles as a byproduct.
The Gensource Potash Corporation mine will use a process called selective mining.
“It selectively dissolves only the potash, the KCL and it leaves the NACL, the salt, down below in the ore zone,” explained president and CEO Mike Ferguson.
Ferguson said that makes the mine much more cost-effective in the future.
“First off we don’t have the entire tailings management area to construct in the first place and to maintain and manage for the long term,” Ferguson said.
“It allows us to be lower cost for the initial construction and significantly lower cost for the ongoing operational cost.”
Despite a downturn recently in the price of non-renewable resources, Ferguson believes there is positivity for the industry in the coming year.
Gensource is currently undertaking exploratory drilling to determine where the mine will be located.
The plan is to have the mine operational within the next two years.