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BHP Billiton Delays Potash Expansion Project

5:34 AM MDT | August 31, 2012 | —Lindsey Bewley

Kloppers: Prep work continues despite delay. BHP Billiton (Melbourne) says it will delay major expansion projects because of rising production costs and subdued market conditions. The company recently reported its first annual profit fall in three years, saying that no other major project approvals are expected over the next year, including for its Jansen potash project in Saskatchewan. The company will also delay an open-pit expansion of Olympic Dam, a copper and uranium project planned for South Australia. The Jansen potash project is one of three large-scale...

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