All-Canadian royalty portfolio
40 km north Moosomin, Saskatchewan, Canada
|LTM (as of December 31, 2017) Royalty Revenue||$4.5 million|
|Annual production capacity||6.5 mt|
|Estimated Mine Life||52 years as per operator AIF disclosure December 31 2017|
The Rocanville mine is a conventional underground mining operation located approximately 40 km north of the Trans-Canada Highway at Moosomin, Saskatchewan. Rocanville was the last potash mine to come on-stream in Saskatchewan, being completed in the early 1970s. Potash ore is excavated at the mining face c.1,000m below the surface, transported by conveyor belt to the bottom of the production shaft and hoisted to the mill where it is processed into the final concentrated muriate of potash product.
A major refurbishment and expansion of the Rocanville mine was completed in 2013, increasing nameplate capacity to 6.5 million tonnes of finished potash products per year. This work involved construction of a third shaft, enhancement of hoists and shaft conveyances, major expansions of both mine and mill, improvements to loadout facilities, and some infrastructure improvements. All construction was carried out without significant disruption to existing potash production from the site.
The recently announced acquisition of additional potash royalties from Liberty give Altius more exposure to Rocanville running at its expanded capacity levels, with 2018 guidance expecting to approach 6 million tonnes production compared to the approximately 4.9 million tonnes produced in 2017.Previous Page
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