Mining giant BHP Billiton (ASX:BHP) is looking for partners after making the decision to spend another $2.6 billion on its Jansen potash project in Saskatchewan.
Articles Tagged "bhp billiton"
The Australian reported that, with capital dwindling, BHP (NYSE:BHP) is facing growing pressure to make a development decision on their Jansen project.
The Australian reported that BHP Billiton is poised to allocate $500 million of pre-approval development capital to Jansen, which some take as an element of a strategy that would see a commitment of a S12 billion development decision in 2015-16.
Reuters reported that the possible entry of BHP into the potash market could threaten the existing duoply currently held by Belarus Potash Company and Canpotex, who together control about 70 percent of the market.
Bloomberg reported that BHP's CEO, Andrew Mackenzie, has said that the Jansen project is one of many options that they are exploring, and that it has to meet certain cost criteria in order to proceed.
Bloomberg reported that former BHP takeover target, ICL is blaming Israeli government policies for driving away foreign investment.
Reuters reported that Russian Uralkali may delay two of its potash project expansions, potentially for a decade, depending on the course of action taken by BHP Billiton.
Brazilian mining heavyweight Vale has come to an agreement with the Argentine government to drop its Rio Colorado potash project.
Here's the story on potash according to Analyst Andrea Rubakovic: The major players are planning for long-term demand by developing brownfield projects, but they're running into hurdles. Meanwhile, juniors are having trouble financing greenfield projects. Does this mean we're in for a global supply pinch? If so, who could be positioned to profit?
The Globe and Mail reported that, although BHP's enormous Jansen project is moving its way through the approval process, it is still waiting the go-ahead from design engineering after deciding to increase the project's size substantially.