BHP Billiton to Drop Spending on Jansen Project by $130 Million
Mar. 10, 2016 09:19AM PST
Potash InvestingBloomberg reported that BHP Billiton (NYSE:BHP) is cutting its spending on its Jansen potash project amid poor potash prices.
Bloomberg reported that BHP Billiton (NYSE:BHP) is cutting its spending on its Jansen potash project amid poor potash prices.
As quoted in the publication:
The Australian company is allocating less than $200 million in capital expenditure in the current financial year to develop and study the feasibility of the Jansen project, down from $330 million in the previous 12 months, said Giles Hellyer, president of BHP’s Canadian unit.