Potash Corp to close two mines for eight weeks

Wed Nov 14, 2012 1:20pm EST
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TORONTO Nov 14 (Reuters) - Canada's Potash Corp, the world's largest fertilizer maker, said on Wednesday it will close two of its Canadian potash mines for eight weeks each.

A notice on the company website said the Allan mine will close between Dec. 16 and Feb. 9, and the New Brunswick mine will shut down between Dec. 30 and Feb. 23. The company said it was an inventory-related shutdown "consistent with Potash Corp's practice of matching supply with market demand."