How the Canucks saved BHP's backside

Potash prices have halved in the past two years. Now they are expected to drop another 25%. BHP must give thanks to the Canadian government for blocking its Potash Corp bid.

It could well have turned out to be BHP’s very own Alcan moment.

When Canadian authorities blocked BHP’s $39 billion takeover bid for fertiliser giant Potash Corp in late 2010, it was seen as yet another expensive failure by chief executive Marius Kloppers.

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