Future of Jansen Still not Clear as BHP Mulls Costs

Bloomberg reported that BHP’s CEO, Andrew Mackenzie, has said that the Jansen project is one of many options that they are exploring, and that it has to meet certain cost criteria in order to proceed.

As quoted in the Bloomberg report:

The development decision on Jansen was delayed in August by Kloppers as part of a plan to shelve all major project approvals for the 2013 fiscal year. Jansen, located in Saskatchewan, may cost about $15 billion to build, Bank of America Merrill Lynch analysts Peter O’Connor and Jason Fairclough wrote in a report dated yesterday.

To view the whole Bloomberg report, click here.