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ic potash corp (ICPTF) Details

IC Potash Corp. is engaged in the exploration for and development of potassium fertilizer minerals in the Southwest United States. The company primarily explores for sulphate of potash and sulphate of potash magnesia. It holds 100% interest in the Ochoa project, a polyhalite mine that covers 28 Bureau of Land Management federal potassium prospecting permits covering approximately 62,000 acres; and 18 New Mexico State Land Office state mining leases covering approximately 28,000 acres. The company is headquartered in Toronto, Canada.

ic potash corp (ICPTF) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$518.0K
Chief Financial Officer, Vice President of Ad...
Total Annual Compensation: C$196.0K
Chief Operating Officer, Director and Chairma...
Total Annual Compensation: C$285.0K
Executive Vice-President
Total Annual Compensation: C$189.0K
Compensation as of Fiscal Year 2012.

ic potash corp (ICPTF) Key Developments

Bureau of Land Management Approves Construction and Operation of IC Potash Corp.'s Ochoa Project

IC Potash Corp. announced that the company has received notice that the U.S. Department of the Interior, Bureau of Land Management has published a Record of Decision that authorizes ICP to construct and operate its 100%-owned Sulphate of Potash Ochoa Project, including all mining and processing facilities located in southeast New Mexico, U.S.A. The signed ROD marks the final decision made by the BLM based on the analysis described in the Final Environmental Impact Statement.

IC Potash Files Feasibility Study for New Mexico Project

IC Potash announced that it has filed its project feasibility study for its Ochoa SOP Project in southeast New Mexico. The Ochoa project encompasses approximately 90,000 acres and will consist of an underground mine with surface processing facilities. ICP officials said that the company is focused on the mining of polyhalite to process into sulphate of potash. SOP is a non-chloride based fertilizer that is considered a premium potash product primarily utilised in the growth of fruits and vegetables, especially in soil that is considered salt sensitive. The Ochoa project is anticipated to produce approximately 714,400 tons of SOP. There will be approximately $1 billion in start-up capital costs, with three years of construction and commissioning set to begin in Second Quarter 2014. Production should start in second quarter 2017 at 48% of annual capacity, with full capacity expected in 2018. Once full production is achieved, the company anticipates the product mix will be an estimated 229,400 tons of standard SOP with another 385,000 tons of granular SOP and 100,000 tons of soluble SOP.

IC Potash Corp. - Special Call

To discuss its 100%-owned Sulphate of Potash Ochoa Project located in southeast New Mexico, U.S.A., the company's recently completed definitive feasibility study and management's outlook for the potash market in 2014


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