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Monday, Aug 26
BHP's Mackenzie reiterates plans to pursue potash venture
- BHP CEO Andrew Mackenzie reiterates plans for the Jansen Canadian potash project, driven by expectations of strong investor returns in later decades.
- "We have the best undeveloped greenfield mine on offer to the world... we will be prepared to respond very quickly to the market when it’s needed," Mackenzie says in an Australian interview; potential partners are in "a wider range than just some of our mining peers that would be interested in a project like this."
- BlackRock's Evy Hambro has called the project "misguided," but Mackenzie spins it differently: Hambro says he "can see the value of [Jansen] in the long term, as long as we don’t spend too much on it right now."