HOBBS, N.M. (AP) - A Colorado company could begin exploratory drilling next year in Lea County to verify deposits of potash. And its top executive says the company could begin a mine project in two years depending on what's found.
Potash is used in fertilizer. Intercontinental Potash Corporation has obtained prospecting permits from the U.S. Bureau of Land Management for 16 test holes an about 37,000 acres west of Jal to verify deposits of polyhalite potash.
That's according to the company's president and chief executive officer, Sidney Himmel. He says the potential for a project depends on what the test holes find.