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Potash is used in 150 countries while only 12 countries produce it. The main producing countries are Canada, Belarus, Russia, Israel and Jordan. The United States that produces only 1,200,000 tonnes a year consumes 5,200,000 tonnes, thus, being one of the largest net importers of potash in the world after China, India and Brazil. The total global potash mine production in 2006 reached 30 million tonnes.
Saskatchewan is the largest potash production centre in the world. Potash One property is located in Saskatchewan adjacent to the Belle Plain potash project operated by NYSE listed The Mosaic Company.
The potash industry is currently running at its maximum capacity, and no new greenfield projects have been announced. The new demand for potash is expected to exceed new supply.
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