This is good news.
The New Brunswick government triumphed over rival locations to secure a US$1.6-billion investment by the Potash Corporation of Saskatchewan Inc. to build a second mine in Sussex that will generate 140 new full-time jobs. Premier Shawn Graham joined Garth Moore, president of PCS Potash, at the surprise announcement on Friday morning shortly before stock markets opened. Potash Corp. is the world’s largest fertilizer company and this investment will boost its New Brunswick potash production to two-million tonnes annually from 800,000 tonnes.
140 jobs. Wouldn’t it be neat if we could attract the users of that potash to do some manufacturing here?
But there is another learning here to be sure. Here’s an excerpt:
Starting in January, Arseneault (the Minister) said his staff, particularly Barry and Sam McEwan, the department’s director of minerals and petroleum development, worked tirelessly at developing the royalty holiday incentive package. The minister met with Moore in New Brunswick on four occasions and lined up meetings with the ministers of environment and Business New Brunswick.
Hmmm. We work ‘tirelessly’ to develop a ‘royalty holiday incentive package’ for potash while at the same time show complete disinterest to develop a ‘royalty holiday incentive package’ to make some use out of the natural gas that is located in that very same area.
I know for a fact that local stakeholders were petitioning the government to come up with a ‘royalty holiday incentive package’ for natural gas to encourage economic development.
I find that curious. Anyone have an explanation?