K+S ups budget for Canada potash project by a quarter

FRANKFURT, April 22 Mon Apr 22, 2013 8:37am EDT

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FRANKFURT, April 22 (Reuters) - German potash miner K+S AG increased the planned investment budget for its Legacy potash mining project in Canada by more than a quarter, citing higher expenses for equipment and personnel.

The investments for the Legacy Project would now be 4.1 billion Canadian dollars ($4.0 billion), up from a previous budget of 3.25 billion Canadian dollars, K+S said on Monday.

The start of production would be delayed until mid-2016 from end-2015 previously forecast, it added.

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