The Sydney Morning Herald reported that Andrew Mackenzie has finally taken the helm at BHP in an austere operating environment. The speculation is that, despite a freeze a new projects, Jansen may receive the go-ahead within the next 14 months, which may end up involving a joint venture partner.
With wide-eyed ambition, BHP Billiton hopes its Jansen project will change the potash industry. But not everyone agrees.
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.
The Financial Post reported that BMO analysts are saying that BHP's plans to build what will likely be the biggest potash project in the world, are ill-advised, and would be better off focusing on shareholder returns.
BHP is facing skepticism from industry rivals after saying that the 2015 start-up date for its Jansen potash mine will not be delayed.
DMC Mining Services, the 100% owned mining services subsidiary of Quadra FNX Mining Ltd. (TSE:QUX),signs a contract to develop two new mine shafts at BHP Billiton's (NYSE:BHP)Jansen Potash Project near Saskatoon, Saskatchewan.
BHP Billiton’s (NYSE:BHP) bid for Potash Corp. of Saskatchewan (NYSE:POT) is officially dead in the water.
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