- Mosaic (NYSE:MOS +1.7%) says it will idle its Colonsay potash mine in Saskatchewan for the remainder of 2016 and halt current turnaround activities, causing the layoff of 330 employees.
- MOS says the move is intended to allow it to meet customer demand while adapting to challenging potash market conditions.
- Annual production at the Colonsay mine is 2.6M metric tons.
Mosaic to idle Colonsay potash mine, laying off 330 workers
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| Symbol | Last Price | % Chg |
|---|---|---|
| MOS | - | - |
| The Mosaic Company | ||