Gensource Potash, Essel Group to jointly develop small potash mine in Saskatchewan
The agreement is EGME's second significant investment in the potash industry. In 2015, it acquired the exploration license for the Bada mine in Eritrea.
Main potash producers, such as PotashCorp., Mosaic and Agrium took a major hit after Russian competitor's decision that will likely undercut prices for the fertilizer.