Calgary firm signs deal with Saskatchewan aboriginal group to explore for potash
The Canadian PressMarch 25, 2008 - 11:00 p.m.
REGINA - A group representing Saskatchewan First Nations has signed a deal that could lead to construction of a $1 billion potash mine.
The Federation of Saskatchewan Indian Nations signed the agreement Tuesday with Calgary's Encanto Resources Ltd. to determine whether it's economically viable to build a potash mine on aboriginal land.
Encanto has developed oil reserves on Saskatchewan First Nation land.
Jeff Standen of Encanto says they need to do testing to find out how rich, thick and contiguous the potash deposits are under First Nations land in southern Saskatchewan.
The Piapot First Nation is one of 17 reserves that may be explored.
A mine could create hundreds of good-paying jobs but band officials say they have to weigh jobs against the environmental costs of the mine...
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