BHP CEO says ‘ship has sailed’ on potential acquisition of Canada’s Nutrien

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The giant Australian mining company tried to buy Nutrien’s predecessor in 2010, but the federal Conservative government vetoed the move for not being of net benefit to Canadians

In 2010, the giant British Australian miner attempted to buy Potash Corp. of Saskatchewan,’s predecessor company, but the deal was blocked by the federal Conservative government as not being of net benefit to Canadians.Saskatchewan

“There’s no kind of burning desire or need,” he said. “It’s very different than we were, way back when we were still facing a decision about whether we wanted to develop through an acquisition, or through developing our own resources. That ship has sailed.”is so bullish on Jansen that it is contemplating pulling the trigger on a second phase of the mine, even before the first phase comes into production, and will make a decision on that by the end of its financial year.

-friendly critical minerals such as potash and copper, which are also assigned a premium valuation from investors.is embarking on a similar strategy, and is auctioning off its metallurgical coal assets to double down on copper and zinc. “We do see Canada as being attractive for investment because it’s got the resources and talent, but it also has, in relative terms, pretty stable policies, which gives rise to greater predictability and reduces the risk associated with investment,” he said.

 

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