In this episode we have a returning guest who appeared back in Dec 2021 (episode 193), Mike Ferguson who is the President and CEO of Gensource Potash who are a Canada-based fertiliser development company, which is focused on developing resource opportunities with a specific focus on potash development.
Mike is a professional engineer with over 25 years experience in potash and uranium. He is leading the development of this green-field property. Mike gives us an update on their Tugaske Project and on the potash industry as a whole. He also covers the issue of the 40% reduction in supply which is a consequence of the Russian/Ukraine war.
 
KEY TAKEAWAYS

GenSource is growing to 3 million tonnes per year of potash production. Doing so in a modular and scalable way.
Their approach can bring a new site into production in 2 years as opposed to the typical 8 to 10 years.
Their production method consumes 75% less water per ton compared to conventional solution mining.
They leave no salt tailings. This is good for ESG and makes licensing far easier.
There is a genuine shortage of potash. 40% of the world’s supply is under a cloud right now.
Higher construction costs are making scaling more difficult.

 
BEST MOMENTS
‘The methods we are using have been proven in different parts of the world. ´
‘There is a genuine structural supply-side problem, in the (potash) industry.’
‘We started this with the idea of using a form of solution mining that allows us to avoid salt tailings altogether.’
 
EPISODE RESOURCES
LinkedIn: https://www.linkedin.com/company/gensource-potash/
Twitter: https://twitter.com/GensourcePotash?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Facebook: https://www.facebook.com/GensourcePotash/
Previous Mike Ferguson episode / https://omny.fm/shows/dig-deep-the-mining-podcast/easy-to-finance-and-scale-eco-friendly-potash-prod
 
VALUABLE RESOURCES
Email: rob@mining-international.org
Website: https://www.mining-international.org/
LinkedIn: https://www.linkedin.com/in/rob-tyson/
Twitter: https://twitter.com/MiningRobTyson
Facebook: https://www.facebook.com/DigDeepTheMiningPodcast/
Instagram: https://www.instagram.com/theminingpodcast/
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast/videos
 
ABOUT THE HOST
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community insight into people's experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.
Rob is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specializing in all areas of mining across the globe from the first world to third world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our client's organizations in any mining discipline or level.
Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.
Podcast Description
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content about the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.See omnystudio.com/listener for privacy inf