Feds back effort to extract mineral buried deep under Northern Michigan
The federal government is supporting a controversial Northern Michigan potash and salt mine that’s been in the works for over a decade.
Senate bill adds phosphate and potash to Critical Minerals list
The Fertilizer Institute has praised the US Senate for introducing bipartisan legislation to include phosphate and potash on the final list of critical minerals of the Department of the Interior. Introduced by Senators Sherrod Brown (D-OH), Thom Tills (R-NC), Tammy Baldwin (D-WI), Roger Marshall (R-KS), Pete Ricketts (R-NE), and Rick Scott (R-FL), the legislation will recognise the importance of ensuring a strong and sustainable domestic fertilizer supply for American farmers.
New potash mining facility: Creating an economic impact on Evart and surrounding region
Evart Township is one step closer to being home to a brand-new potash (potassium chloride) and salt production plant and processing facility. The Michigan Strategic Fund approved a $225 million bond for the Michigan Potash Company LLC in September 2022. While the idea has been in talks for over 10 years, the conversation on the plans of the Osceola and Mecosta counties facility continues.
Michigan Potash and Salt Company granted approval of $225 Million in tax-exempt Michigan State Bonds
LANSING, MI – The Michigan Potash and Salt Company took a step Tuesday toward seeking a $225 million tax-exempt bond for construction of its $1.2 billion salt and potash mine in northern Michigan. The Michigan Economic Development Corporation granted the Denver-based company approval for an “inducement resolution” during its Sept. 27 board meeting. This makes private activity bonds issued by a financial institution tax-exempt through the state.