16 February 2011 17:52 [Source: ICIS news]
TORONTO (ICIS)--BHP Billiton spent $314m (€232m) in finance charges and on bankers, lawyers and other fees related to its failed $39bn bid to take over PotashCorp last year, the Anglo-Australian mining giant said on Wednesday.
BHP disclosed the cost in its latest financial report.
Many observers believed the decision was politically driven, saying Prime Minister Stephen Harper’s minority Conservatives were concerned about losing seats in PotashCorp’s home
If everything goes to plan, Jansen could eventually produce 8m tonnes/year of potash after start up in 2015, BHP said.
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