Examine the marketing and economic impact of potash in Saskatchewan.
Indicators for this outcome
(a) Compare the grade of Saskatchewan potash to that of potash produced in other countries.
(b) Discuss the economic and social impact, both positive and negative, of the potash mining industry on communities, families and individuals including First Nations and Métis peoples.
(c) Describe the effect of a potash mine on a specific Saskatchewan community.
(d) Explore community views on the impact (e.g., social, economic and environmental) of the potash industry on families and local communities.
(e) Explore how the political stability of Canada attracts investors to the potash industry.
(f) Identify the top potash importing countries based on total tonnage.
(g) Identify the publicly traded and privately owned potash companies operating in Saskatchewan.
(h) Analyze the factors which influence potash prices such as product supply and demand, importing and exporting countries, societal changes and economic conditions.
(i) Investigate Canada’s trade agreements with respect to the purchase and sale of potash, the impact on potash corporations and supply management.
(j) Explore the historical development of the potash industry by private companies and government corporations.
(k) Describe the importance of publicly traded companies’ environmental, social and governance (ESG) commitments, responsibility to shareholders and requirements of public disclosure.
(l) Summarize the connection of the potash industry to support other industries and industries that support the potash sector.
(m) 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.
(n) Explore the economics of potash marketing, including the systems governing price setting and government incentives.
(o) Explore how potash companies work with communities and businesses, including Indigenous, to build meaningful relationships that impact the local economy.
(p) Discuss the role of government incentives in the economic development of an oil and gas project in a booming and down-turning market.
(q) Compare the cost of production for potash in Saskatchewan to other parts of Canada and the world.
(r) 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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