Archive for January, 2013

The Importance of Potash Mining to the Real AZ Corridor

Friday, January 25th, 2013

Potash mining can bring various benefits to a region. Economic benefits can include royalty revenues for mining on public lands, state and county ad valorem taxes and sales tax revenues. Short-term construction and permanent mining and processing jobs are created. Economic growth results from spending by mining companies and their workers, new business for local service providers and suppliers, payments to local property owners, and the creation of businesses that are necessary to support mining or that are enabled by it. Workforce training programs often develop through investment by nearby communities and educational facilities. Mining companies often make direct community investments by improving or expanding infrastructure, and by sponsoring new educational programs or medical facilities and services.

The emergence of a significant potash mining sector can also be expected to attract the development of related businesses, including transportation (truck, rail), equipment sales, maintenance and repair; and road salt sales and marketing (an output of potash mining).

There is also the potential to develop solar fields on land above underground potash mines. Marine algae farming requires water which is similar in brine content to that utilized in potash mining. It is feasible that successful algae cultivation could take place on land which is above or immediately adjacent to underground potash mines. Algae & Other Biosciences is one of the four high potential development sectors identified in the Real AZ Corridor.

Primary targets for sector-related development would include trucking and transportation companies, including fuel providers and paving companies; ventures that support high volume industrial rail traffic; and companies which sell, maintain, rent and repair mining equipment and trucks or truck parts. A strong secondary road salt sales and marketing sector could emerge, targeting high snow and mountainous regions surrounding the Holbrook Basin.

Learn more about the potential of potash and other sectors on the Real AZ Corridor website at www.realazcorridor.com