BHP’s $15 Billion Jansen Project Could Be on the Copping Block

On Tuesday, Russian potash giant Urakali called quits to its partnership with Belarusian Potash Company, putting an end to the overseas fertilizer cartel. Fallout from Urakali’s move could reach as far as BHP’s $15 billion Jansen project, according to Bloomberg.

Heath Jansen, analyst at Citigroup Inc, commented that :

This could be a game changer. Uralkali appears to have started a price war. We would argue that the risk reward of proceeding with the project is moving toward not proceeding.

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