Canpotex moving to a phased approach to development

Canpotex, proponents of the $250 million potash terminal on Ridley Island in Prince Rupert, say they are moving forward with the project but that the time line may be significantly changed from the original 2012 operational date.

“When we made the announcement a year ago we said we would build in Prince Rupert and expand our terminals in Vancouver and we are still committed to that long term concept. But with the economic uncertainty the demand for our product has changed and we are moving to a phased approach,â€