Energy and Mines 10, 20, 30
ENMI33
Module 33: Potash Economics (Optional)
Outcome
Examine the marketing and economic value of potash in Saskatchewan.
Indicators
| (a) | Explore how the political stability of Canada attracts investors to the potash industry. |
| (b) | Identify the top potash importing countries based on total tonnage. |
| (c) | Identify the publicly traded and privately owned potash companies operating in Saskatchewan. |
| (d) | Analyze the factors which influence potash prices such as product supply and demand, importing and exporting countries, societal changes and economic conditions. |
| (e) | Investigate Canada’s trade agreements with respect to the purchase and sale of potash, the impact on potash corporations and supply management. |
| (f) | Explore the historical development of the potash industry by private companies and government corporations. |
| (g) | Describe the importance of publicly traded companies’ environmental, social and governance (ESG) commitments, responsibility to shareholders and requirements of public disclosure. |
| (h) | Summarize the connection of the potash industry to other support industries. |
| (i) | Describe how the potash industry has a significant impact on local communities and provincial and national governments through resource and personal taxes, labour force and royalties. |
| (j) | Explore the economics of potash marketing, including the systems governing price setting and government incentives. |
| (k) | Explore the history of successful and unsuccessful alliances between potash companies and Indigenous companies and communities. |
| (l) | Discuss the role of government incentives in the economic development of an oil and gas project in a booming and down-turning market. |
| (m) | Compare the cost of production for potash in Saskatchewan to other parts of Canada and the world. |
| (n) | Discuss the impact of world events (e.g., war, major disaster and economic recession) on the potash market and local economy. |
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