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Atlas Salt announced Tuesday it will deploy Oracle’s project and financial management solutions to support the development of the Great Atlantic Salt deposit.
Located near the Turf Point Port in western Newfoundland, the GAS deposit was initially discovered through oil and gas exploration. It is considered one of North America’s largest shallow salt deposits and it is immediately adjacent to the Flat Bay gypsum deposit, whose mines produced a reported 15 million tonnes from the 1950s until production ceased in 1990.
Atlas said its planned state-of-the-art “Salt Factory” would be the first new underground salt operation in North America and contribute to a significant domestic production shortfall.
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