BHP keeps Canadian potash option open
June 12, 2013 12:00AM
"We believe that pre-approval capex will continue until the shaft has been completed," Goldmans said. "Thus we see a strong likelihood of an additional $US500m of pre-approval capital being granted to the project in coming months, allowing a delay in the final approval of the project until 2015-16." The sinking of the shaft de-risked the project considerably and its completion "would increase (options) for BHP on what it may do with Jansen around a potential joint venture, partial asset sale or total sale of the project".