Canpotex gets green light to build export terminal in B.C

Wed Nov 7, 2012 5:45pm EST
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OTTAWA (Reuters) - Canpotex, the offshore selling agency for potash mined in the Western Canadian province of Saskatchewan, on Wednesday received government approval to build a new export terminal at the port of Prince Rupert, British Columbia, north of Vancouver.

Federal Environment Minister Peter Kent said in a statement that the terminal was not likely to cause significant adverse environmental effects.

Canpotex will work on the terminal project together with Canadian National Railway (CNR.TO: Quote), which hauls some of the agency's potash on its southern British Columbia line.

Canpotex sells potash on behalf of Agrium Inc (AGU.TO: Quote), Potash Corp (POT.TO: Quote) and Mosaic Co (MOS.N: Quote) in key markets such as China and India.

(Reporting by David Ljunggren; Editing by Marguerita Choy)