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BHP Billiton to Keep New Potash Mine Out of Canpotex

11:44 AM MST | November 22, 2011 | Lindsey Bewley

Australian mining company BHP Billiton (Melbourne) says it will keep its new Jansen, SK potash mine out of Canpotex, the potash export cartel owned by Saskatchewan producers, according to reports in the Financial Times. Planned capacity at full production is expected to be about 8 million m.t./year, which BHP says would amount to a 16% total global market share. The plant is expected to begin producing potash by 2015, marking the company’s entry into the potash market.   "We believe in taking the price of the day, and so the likelihood is...

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