One of the reasons for the reduction in production is a weaker global fertilizer market. Fertilizer has fallen from about $900 per ton in 2008 to less than $300 per ton.
This isn’t the first time PotashCorp has suspended production at some of its facilities.
In January, the company indefinitely closed its mine in Picadilly, New Brunswick. The closure resulted in about 430 jobs being lost.
In 2015, the Allan, Lanigan and Cory mines were shut down and expedited the closure of its mine in Penobsquis, near Sussex, New Brunswick.