BHP Billiton to Drop Spending on Jansen Project by $130 Million

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.

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