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CHIMO

(9,223 posts)
Wed May 30, 2012, 08:17 PM May 2012

BHP Billiton hints at Jansen potash mine delay

BHP Billiton Ltd.'s (BHP-N61.56-2.46-3.84%) move to reconsider major spending plans may delay the construction of a promised potash mine in Saskatchewan, another sign the commodity “supercycle” is gearing down as slower global growth cools demand.

The Jansen project, estimated to cost as much as $12-billion, has the potential to become the largest potash mine in the world and is one of three major projects BHP was slated to consider for approval later this year. But comments by the global mining giant's chief executive officer, Marius Kloppers, suggest the company could postpone such developments.

http://www.theglobeandmail.com/globe-investor/bhp-billiton-hints-at-jansen-potash-mine-delay/article2447917/

Note to Thomas: Sit tight and let the gangsters fight it out.

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