Reading Time: 2 minutes Melbourne | Reuters — BHP Group Ltd., the world’s biggest miner, said on Thursday it will make a final investment decision on its long-delayed $17 billion Jansen potash project in Saskatchewan around February 2021. Investors have been awaiting a decision by BHP on whether to go ahead with project, which would be its most significant […] Read more
BHP sets early 2021 for decision on Jansen potash project
Nutrien steers potash recovery as BHP waits in wings
Reading Time: 3 minutes Winnipeg/London | Reuters — Canada’s Nutrien, the world’s biggest potash miner by capacity, has helped engineer a surprising price rebound for the fertilizer by idling capacity. Now the trick will be keeping prices from appreciating too much to ensure a major would-be competitor, BHP Billiton, stays on the sidelines. BHP has been weighing an entry […] Read more
BHP said exploring stake sale in Saskatchewan potash mine
Reading Time: 3 minutes Toronto/New York | Reuters — Anglo-Australian mining giant BHP Billiton is considering selling a 25 per cent interest in its Saskatchewan potash mine project, a stake that could be worth close to US$2 billion, people familiar with the matter told Reuters. The move comes as activist investor Elliott Management Corp. has been pushing the company […] Read more
BHP Billiton puts off decision on Prairie potash mine
Reading Time: < 1 minute With its Saskatchewan potash mine project about 70 per cent dug, major Australian mining firm BHP Billiton now says it won’t be seeking board approval to bring the mine into production in 2018. The company had said in May it expected its mine at Jansen, Sask., about 70 km southeast of Humboldt, to start producing […] Read more
BHP stays course on potash mine few expected built
Reading Time: 2 minutes New York | Reuters — BHP Billiton’s Canadian potash mine will use advanced, cost-saving technology, giving it a competitive edge in a currently oversupplied fertilizer market, the executive in charge of the business said on Thursday. Australia-based BHP aims to start potash production at Jansen, Sask., about 70 km southeast of Humboldt, in 2023, eventually […] Read more
Undaunted by glut, new potash players bank on fertilizer rebound
Reading Time: 2 minutes New York | Reuters — The owners of several new potash mines that are adding fertilizer to an already oversupplied market are banking on better times, bucking industry thinking that the projects may snuff a modest price recovery. The drive to build new mines began when potash prices were higher, but last year prices slid […] Read more
Agrium, PotashCorp in merger talks
Reading Time: 2 minutes Canadian fertilizer giants Agrium and PotashCorp confirmed Tuesday they’re in “preliminary discussions” toward a possible merger-of-equals. Calgary-based Agrium and Saskatoon-based PotashCorp emphasized in separate statements Tuesday that no decision has yet been made on whether to go ahead with such a merger and no agreement has yet been reached. “There can be no assurance that […] Read more
Spanish man charged with lying in PotashCorp trading probe
Reading Time: 2 minutes Reuters — A U.S. grand jury has charged a Spanish investor with lying to regulators probing insider trading ahead of an August 2010 hostile bid for PotashCorp, even though he had been cleared of charges over his own trading. An indictment announced on Friday by federal prosecutors in Chicago charged Luis Martin-Caro Sanchez, 42, of […] Read more
BHP Billiton to cut 76 Sask. potash jobs
Reading Time: < 1 minute Reuters — Anglo-Australian miner BHP Billiton will cut 76 jobs from its Canadian potash operations due to low commodity prices, a company spokesperson said on Friday. Work continues on sinking and lining shafts at BHP’s potash mine near Jansen, Sask., about 60 km southeast of Humboldt, according to the spokesperson. The mine would be the […] Read more
Global markets: Mine shutdowns, U.S. jobless claims
Reading Time: < 1 minute CNS Canada — The following is a glance at news moving markets globally. BHP EXECUTIVE SAYS SHUTTING MINES WON’T AFFECT PRICES – An executive from BHP Billiton Ltd., a multinational mining, metals and petroleum company, said mines being shut down will not affect commodity prices-like copper-because the mines being shut are not profitable. Some analysts […] Read more
A message from April Stewart, Country Guide's Associate Editor
