BHP selling stake in Jansen mine project
Mining giant BHP Billiton Ltd is considering selling a 25-per-cent interest in its Saskatchewan potash mine project, a stake that could be worth close to $2 billion US, people familiar with the matter told Reuters.
The move comes as activist investor Elliott Management Corp. has been pushing the company for changes.
BHP is working with an investment bank for the potential stake sale in its partly-built Jansen, Sask., potash project, the sources said this week.
For BHP, the move will help share t
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