I'm finishing up my slides tonight for a briefing in the morning (Wed) to the Arizona State Senate Commerce and Energy Committee on potash in Arizona. Aggressive exploration by three companies in the Holbrook basin is confirming AZGS estimates of a large, shallow, accessible deposit that could hold as much as a quarter of the nation's potash resources.
Projections are that a single underground mine could produce more than twice the total current U.S. production of potash, provide 400-500 highly paid jobs in the Holbrook area, with an annual operating budget of $400-500 million per year, with a mine life of 50 years. [Right, potash mining in Carlsbad, NM. Credit, Intrepid Potash]
There is growing interest across the state in understanding more about the impacts of this potential new industry.