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How the potash boom will help CP and CN Rail

Posted on June 26, 2008

The agriculture boom and growing demand for fertilizer may be doing great things for potash producers and their investors, but it should also provide a boost for Canada s railways.Canpotex, the world s largest potash exporter, which is owned by Saskatchewan producers Potash Corp., Agrium Inc. and The Mosaic Co., announced plans to spend more than $500-million to nearly double its potash shipping capacity on the west coast to meet global demand.It will add 11 metric tons (mt) to the already 12mt with the new greenfield Ridley terminal near Price Rupert, B.C. and a brownfield expansion at Ne...

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