Construction firm to reopen Kapuskasing, Ont. phosphate mine [Video]

British Columbia-based Infracon Construction, Inc., announced today it has purchased the shuttered Agrium phosphate mine in Kapuskasing, Ontario.

It plans to invest “substantial capital” to bring the mine back into production, the company said in a statement.

The acquisition includes a processing plant in Matheson, Ontario, and various other mineral properties in the province. Infracon chief executive officer Geoff Hampson will head the operation through a subsidiary company called KAP Minerals.

Agrium closed the open-pit mine around 2013, according to a report in Northern Ontario Business. At the time, Agrium said the mine would be nearing depletion.

Infracon Construction said KAP Minerals plans to commercialize the Apatite deposit, a high-quality phosphate deposit in the Cargill Township Carbonatite Complex.

The company said it plans to work with Taykwa Tagamou Nation to …