Grand Opening of Legacy: Ceremonial Opening of the new Potash Mine in Canada

Bethune, Sask. – Today, K+S celebrates the opening of the new potash mine in Canada with about 700 guests, including the Honourable Brad Wall, Premier of Saskatchewan, and numerous local government dignitaries, representatives from suppliers, and employees. During the ceremony, the mine will be handed over to the operations team. The five-year construction phase has been successfully completed and the first tonne of marketable potash is expected to be produced in June as planned.

“We’re delighted to welcome a very good corporate citizen, K+S, back to Saskatchewan as it begins operations at a mine that will create more than 400 permanent jobs and generate taxes and royalties for years to come,” Premier Brad Wall said. “The Legacy project strengthens Saskatchewan’s position as the world’s leading potash producer and is another indicator the province’s diversified and resilient economy is weathering economic uncertainty. We’re thankful for an investment that creates jobs and opportunity in Saskatchewan.”

The new potash mine, which ran under the project name Legacy, today also receives its new name “Bethune”. K+S proudly upheld the Saskatchewan potash mining tradition of naming its facility after the closest neighbouring town.

“With our new location, we are making a huge step forward in the internationalization of our potash business,” says Norbert Steiner, Chairman of the Board of Management of K+S Aktiengesellschaft. “Bethune enables us to participate in future market growth, reduce our average production costs and strengthen our international competitiveness, which will benefit the entire K+S Group.”

K+S projects the mine will produce its first marketable tonne of potash at the end of June as planned. In the course of the year, the first potash transport by freight train will take place from the site in southern Saskatchewan to the new K+S port facility in Vancouver, from where the potash will be shipped to customers mainly in South America and Asia. K+S also expects to achieve the desired production capacity of two million tonnes by the end of 2017.

“Bethune is the most modern potash facility in the world and will sustainably strengthen the raw material and production base of the K+S Group, thereby opening up a long-term perspective over the time span of our German potash deposits,” says Dr. Ralf Bethke, Chairman of the Supervisory Board of K+S Aktiengesellschaft.

Since breaking ground in 2012, the project has provided job opportunities to Saskatchewan workers, new business opportunities for Saskatchewan companies supplying goods and services, and contributed to the province’s growth.

On the occasion of the ceremony, Dr. Ulrich Lamp, President and Chief Executive Officer of K+S Potash Canada (KSPC) recalls the friendly welcome from the beginning: “We were welcomed to Saskatchewan with open arms, and we are proud to be here. The change from “Legacy” to “Bethune” honours a community that has shown our company outstanding support over the last years. I would like to thank everyone who contributed to this great project.”

With an investment volume of around 3.1 billion €, the Bethune mine is the largest single project in the company history of K+S and creates more than 400 permanent jobs in Canada.