BHP to 'wait and see' on potash

Mackenzie still sees potash offering BHP high returns, Nasser eyes Asian growth.

BHP Billiton (BHP) is adopting a "wait and see" approach to developing its Canadian potash project with a view to getting the timing of the project just right in order to maximize shareholder return, the company's chief executive said Thursday.

BHP gave the go-ahead earlier this year to invest $US2.6 billion in its Jansen potash project but refrained from giving a timeline for when the project will start production. Potash is a potassium-based ingredient used in fertiliser.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles