Brazilian mining heavyweight Vale has come to an agreement with the Argentine government to drop its Rio Colorado potash project.
Articles Tagged "bhp billiton"
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.
Renewed Chinese and Indian potash contracts are building confidence in the potash market. Which projects will help supply future demand is still an open question as companies rush to bring supply online.
The Financial Post reported that Andrew Mackenzie has been appointed the new CEO of beleaguered BHP Billiton (NYSE:BHP,ASX:BHP,LSE:BLT), which recently experienced its greatest profit drop in a decade.
With wide-eyed ambition, BHP Billiton hopes its Jansen project will change the potash industry. But not everyone agrees.
Mining Weekly reported that the government of Saskatchewan is delaying a decision on how to tax potash miners as they wait to see if BHP Billiton will proceed with their Jansen potash project.
The Globe and Mail reported that BHP's Jansen mine in Saskatchewan may pose a threat to existing potash producers, because of the sheer size and potential production of the project.
Bloomberg reported that BHP Billiton is seeking one or more partners to fund up to $2 Billion for its Jansen potash project in Saskatchewan
Reuters reported that BHP Billiton, under shareholder pressure, is delaying the decision whether or not to build the Jansen project in Saskatchewan, which is touted to become the biggest potash mine in the world.