BHP passes on potash export facility, wants to assess other options

|About: BHP Billiton Limited (BHP)|By:, SA News Editor

BHP Billiton (BHP) lets an exclusivity agreement lapse that would have given it the right to develop a potash export facility for its Canadian Jansen project at Washington state's Port of Vancouver.

BHP says it decided not to renew the agreement as it evaluates how quickly it needs to bring the Jansen project into production, and that it can actively investigate and assess alternative rail and port options in Canada and the U.S.

BHP has been looking for a partner to help shoulder the cost of what could become one of the world's biggest potash mines.