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.

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