Rocanville

Location
Saskatchewan, Canada

Operator
Nutrien Ltd.

Commodity
Potash

Asset Profile
2019 Royalty Revenue C$10.6 million
Nameplate Capacity 6.5 million tonnes per annum finished potash
Estimated Mine Life 33 years (Proven and Probable reserves)

The Rocanville mine is Nutrien’s flagship underground potash mine located approximately 40 km north of the Trans-Canada Highway near Moosomin, Saskatchewan. The Rocanville Mine was the last potash mine to come on-stream in Saskatchewan after being completed in the early 1970s and 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, making it one of the largest potash mining operations in the world. Potash ore is excavated at the mining face underground and 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. Production in 2019 was approximately 5.4 million tonnes finished potash. Royalty rates for all the potash assets are set by the province of Saskatchewan (3% in 2019), and are the function of the number of tonnes owned under unitization agreements × price × indexed multiplier. See The Subsurface Mineral Royalty Regulations, 2017