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Albany potash project, Canada

25th July 2014

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

  

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This article has been supplied.

Name and Location
Albany potash project, Saskatchewan, Canada.

Client
A joint venture (JV) comprising Acron Group and Rio Tinto.

Project Description
The Albany project is a Tier 1 discovery, with encouraging potash grades and thickness.

It contains an inferred resource of 1.4-billion tonnes within the mining caverns at an average grade of 31% potassium chloride (KCl), with a total recoverable amount of 329-million tonnes of KCl.

The deposit will be developed using a solution-mined cavern design, which compared with a conventional underground operation, normally results in lower capital requirements per product tonne, faster construction, greater overall flexibility and ease of future plant scalability.

Value
Not stated.

Duration
Not stated.

Latest Developments
The JV company holds nine potash permits covering 237 146 ha in the southern region of the district.

The work undertaken has focused on permit KP 405 (the Albany project), with the completion of the drilling of 13 wells, a three-dimensional seismic survey and the preparation of a National Instrument 43-101-compliant resource study.

The next steps for the project include continuation of the environmental assessment and the prefeasibility study.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Acron, tel +7 8162 99 61 09, fax +7 8162 99 66 63 or email root@vnov.acron.ru.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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