Today, K+S Potash Canada (KSPC) is pleased to accept their first domestic rail cars built by National Steel Car (NSC) in Hamilton, Ontario, the same manufacturer that produced the company’s international fleet last fall.
News come as the Calgary-based firm is trying to win over investors upset by its $17.7-billion acquisition of oil sands and natural gas assets from ConocoPhillips Co.
Protest seems to be about a variety of issues, including claims that mining at Escobal is causing seismic activity in Casillas, located about 20 km from the operation.
More supply will likely drag prices lower, as the metal already touched a one-year low of $8,680 per tonne on the London Metal Exchange last week and is down more than 10% this year.