Nutrien Ltd. has curtailed production at its Cory potash mine due to the loss of export capacity through Canpotex’s Neptune terminal as a result of the International Longshore and Warehouse Union (ILWU) Canada strike at the Port of Vancouver.
“If prolonged, [the strike] could also impact production at our other potash mines in Saskatchewan,” said Ken Seitz, president and CEO, Nutrien. “We urge the parties in this dispute to come to a swift resolution to prevent further damage to the Canadian economy.”
The company said it expects full-year 2023 Potash adjusted EBITDA will fall below the bottom end of its previous guidance range due to factors impacting offshore sales through Canpotex, including the ILWU strike, Portland terminal outage and lower global potash prices than previously anticipated.