- Published: Wednesday, 10 March 2010 17:05
- Written by E&MJ News
In January 2010, BHP Billiton announced corporate approval for $240 million in early-stage capital expenditures at its Jansen potash project in Saskatchewan and, in a separate announcement, that it had entered into a definitive agreement to acquire Athabasca Potash Inc. for about $320 million. Athabasca Potash’s Burr project is located adjacent to the Jansen project. The Jansen project is in the final stages of a pre-feasibility study, and BHP Billiton expects to move into the feasibility phase in mid-2010, with a full investment decision anticipated in late 2011.