# Mosaic (MOS) Announces Idling Of Colonsay Mine Indefinitely | Investing.com

> Mosaic has idled its Colonsay potash mine in Saskatchewan indefinitely, moving it to care and maintenance with limited staff. The company cites excess potash inventory from its Esterhazy K3 expansion and a third consecutive soft North American application season, and expects about $530 million in pretax charges.

- Date: 2020-01-29 · published 2020-01-29T12:00:00.000Z
- Category: market · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/55392-mosaic-mos-announces-idling-of-colonsay-mine-indefinitely-investing-com
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Removing Colonsay capacity from the market tightens potash supply over time, though the company's excess inventory and soft North American demand limit near-term price support.

## Read by commodity

- POTASH: bullish ▲

## Sources

- investing.com: https://www.investing.com/analysis/mosaic-mos-announces-idling-of-colonsay-mine-indefinitely-200502598

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.