poses a threat to companies that produce these resources. But it also presents equally compelling opportunities to find new growth areas., the world's largest miner, is planning for its future. The Melbourne, Australia-based company remains a heavyweight in traditional energy markets like petroleum and coal. But it's also investing heavily in the market for potash, a derivative of potassium that is largely used on farms as a fertilizer., the firm has earmarked $2.
BHP's exploration of the potash market is an example of a low-risk, low-return investment that, if successful, could open the floodgates of profits, according to Andrew Mackenzie, the CEO of BHP.The investment chief of the bull market's best-performing fund shares the secrets of his success — and breaks down the stocks driving his dominant performance
In his view, the potential runway for returns stretches out over the next century. The company expects the market's annual demand to grow between 2%-3% over the next decade — a pace that would help it exceed supply by the end of the 2020s.He continued:"At the moment, about 40% of our profits come from iron ore, and 20% each from metallurgical coal, copper, and petroleum. We could replace one of those areas with potash over a few decades with that sort of investment.
The timing would favor BHP as it ponders how to diversify away from fossil fuels and create other revenue streams, Mackenzie said. The potash market would also position the firm to become a prime supplier to Asia's agrarian regions, where he says soils have been starved of potassium.
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