SASKATOON – Nutrien Ltd. says it has curtailed manufacturing at its Cory potash mine due the port staff strike in Vancouver and warned if the work stoppage continues it might have an effect on its different potash mines in Saskatchewan.
The firm says the strike has meant the lack of export capability by means of Canpotex’s Neptune terminal.
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Nutrien chief government Ken Seitz urged either side within the dispute to return to a swift decision.
About 7,400 members of the International Longshore and Warehouse Union Canada in Vancouver have been on strike since July 1.
Nutrien says it expects full-year potash adjusted earnings earlier than curiosity, taxes, depreciation and amortization will fall under the underside finish of its steering vary because of components impacting offshore gross sales by means of Canpotex, together with the strike, a Portland terminal outage and decrease than anticipated costs.
The firm says it’s going to present up to date steering for its full 12 months when it reviews its second-quarter outcomes on Aug. 2.
This report by The Canadian Press was first printed July 11, 2023.
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