Taking a notch out of BHP’s fifth pillar

BHP has decided to trim its spending on the Jansen potash project in Canada as it reins in boom-time capital investment plans, but argues that will not affect the longer term development of the project.

BHP Billiton’s decision to trim planned spending on its Jansen potash project in Canada is, at face value, at odds with the glowing contemporaneous commentary about the group’s prospective ‘’fifth pillar’’ in today’s quarterly report.

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