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World News and Views :: Projects

BHP Billiton Puts Jansen Potash Project on Hold

2:27 PM MDT | August 22, 2012 | Lindsey Bewley

BHP Billiton (Melbourne) says it will delay major expansion projects due to rising production costs and subdued market conditions. The company reported its first annual profit fall in three years, saying that no other major project approvals are expected over the next year, including its Jansen potash project in Saskatchewan. The company will also delay an open-pit expansion of Olympic Dam, a copper and uranium project in Southern Australia.   The Jansen potash project is one of three large-scale projects in an $80-billion pipeline of projects that BHP says...

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