Sunday, July 28, 2013

Potash company starts air quality permit process

Apache Junction-based Passport Potash recently announced that it completed a "pre-application meeting with the Air Quality Division of the Arizona Department of Environmental Quality (ADEQ) regarding the air quality control permit for its Holbrook Basin potash project.  In the meeting the necessary components of the application submittal for the Permit were identified." [Right, recent exploration core holes in the Holbrook potash deposit.  Credit, AZ Oil & Gas Conservation Commission]

The company noted that over the last several weeks they hired a new Chief Operating Officer, acquired additional lands, applied for mineral leases with the state of Arizona, and renegotiated and extended lease payments on private ranch lands out to June 2015.

These announcements in addition to their recently released Preliminary Economic Assessment,

The company plans to release it pre-feasibility assessment by the end of Q1 2014.

The proposed underground mine could cost nearly $2 billion to construct and produce up to 2.5 million tons of potash per year, primarily for use as fertilizer.  

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