HAYDEN LOCKE , EXECUTIVE DIRECTOR OF EMMERSON , EXPLORES HOW THE COMPANY LOOKS TO DISRUPT THE BOOMING POTASH MARKET WITH THE KHEMISSET PROJECT
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I n the mining industry , location is not only a competitive advantage – it can also be the difference between success and failure . This is particularly the case in the global potash market , one that has a number of barriers to entry meaning only a handful of operations have been built over the last 50 years . “ There ’ s a reason why there ’ s been only one new potash mine built in the last 50 years outside of Russia and China and that is primarily the astronomically high capital cost to production for most potash mines ,” says Hayden Locke , Executive Director of Emmerson . “ That mine was built in Canada , cost over US $ 4bn , and was built at a time where potash prices were more than double what they are today . In today ’ s market , that mine would never have been built .”