With a five to seven year period for green field development we have a pretty clear picture of the supply situation in potash for the next several years.
Added to that demand growth is expected to outpace nitrogen and phosphate over the coming years as it is the nutrient that has been most under applied in developing nations. With our unmatched potash assets, proven performance, and capacity expansion plans, Potash Corp. potential for earnings growth is unparalleled in our industry.
We have a long history of delivering on what we say we will do. We have never strayed from our long-term approach to operating our business and this will not change. We demonstrated this again during our record third quarter and we look forward to meeting the expectations of our stakeholders in the future.
If you listen close, the strike has no impact so far on the co results. They would have shutdown the mines anyway, so this was just both sides taking a two month cooling off period. One of the three mines is open. POT should just hire and train if these people think that 120K/year is not a good paycheck!!