BHP Seeks Partners for up to $2 Billion for Jansen

Bloomberg reported that BHP Billiton is seeking one or more partners to fund up to $2 Billion for its Jansen potash project in Saskatchewan.

As quoted in the market report:

BHP Chief Executive Officer Marius Kloppers delayed a development decision on the Jansen mine in August as part of decision to shelve all major project approvals this fiscal year. Jansen is valued at $7.3 billion by Deutsche Bank and would be the Melbourne-based company’s first foray into mining of the crop nutrient.

To view the whole Bloomberg report, click here.