BHP talks up Canada potash prospects Basin-wide play, sounds to me like the beginning of a big M&A game in Saskatchewan!!
BHP talks up Canada potash prospects
November 22, 2013
BHP Billiton says it has been encouraged by recent work that suggests its push into the Canadian potash sector will be supported by further resources of the commodity close to its proposed Jansen mine.
BHP confirmed a gradual push into the potash sector in August, when it approved $US2.6 billion worth of spending on Jansen over five years, and since then the miner has described potash as having the potential to become a ''pillar'' of the company alongside iron ore, coal, petroleum and copper.
Speaking at the company's annual meeting in Perth on Thursday, BHP Billiton boss Andrew Mackenzie said exploration work had suggested that Jansen could be just the start of a ''basin-wide play'' for BHP in the Canadian state of Saskatchewan. ''On its own Jansen is probably not a big enough resource for us to be a business that would rival our other four pillars, we need several Jansens,'' he said, ''The news is good, we feel very confident that we now have many more Jansens that future generations of management can consider to think about this as a basin-wide play.''
Mr Mackenzie said the pace of investment in the basin would continue to be gradual, but he said it was ''very exciting''.
https://m.smh.com.au/business/bhp--talks-up-canada-potash-prospects-20131121-2xylt.html