BHP proceeds with feasibility study on Canada potash project

02 February 2011 20:10  [Source: ICIS news]

TORONTO (ICIS)--BHP Billiton is moving forward with a feasibility study for its 8m tonne/year Jansen potash mine project in Saskatchewan province, the Anglo-Australian miner said on Wednesday.

The feasibility study phase marked “an advanced stage” in BHP's approval process for the project, it said.

BHP said the Jansen mine could, if realised, start producing in 2015.

“The Jansen project has the potential to become one of the world's premier potash mines and the platform for a significant and scalable potash business for BHP Billiton," added Graham Kerr, president of BHP’s diamonds and specialty products business.

In December, BHP submitted the project to Saskatchewan’s provincial environment ministry.

In November, Canada’s government blocked BHP hostile $39bn bid to take over Saskatchewan-based PotashCorp, the world’s largest fertilizer firm.

($1 = €0.72)

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By: Stefan Baumgarten
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