Markets: Mackenzie vs BlackRock

Andrew Mackenzie's potash perseverance doesn't sit well with BHP Billiton's biggest shareholder.

BHP Billiton's Andrew Mackenzie and BlackRock’s Evy Hambro may be heading for a showdown. BlackRock, the world’s largest asset manager, is the biggest shareholder in the world’s biggest mining company, with a 4.9 per cent stake according to Bloomberg. Hambro, who manages the $US7 billion ($7.81 billion) World Mining Fund, told Bloomberg that BHP’s Canadian potash project “doesn’t make sense”.



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