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BHP’s Jansen May Proceed in Near Future under MacKenzie, Possibly with JV Partner
May. 10, 2013 09:20AM PST
Potash InvestingThe Sydney Morning Herald reported that Andrew Mackenzie has finally taken the helm at BHP in an austere operating environment. The speculation is that, despite a freeze a new projects, Jansen may receive the go-ahead within the next 14 months, which may end up involving a joint venture partner.
The Sydney Morning Herald reported that Andrew Mackenzie has finally taken the helm at BHP in an austere operating environment. The speculation is that, despite a freeze a new projects, Jansen may receive the go-ahead within the next 14 months, which may end up involving a joint venture partner.
As quoted in the Sydney Morning Herald:
For that reason it may be the first to reappear when the company’s self-imposed freeze on approving big new projects thaws after June 30. Despite still being at the feasibility stage of planning, BHP’s chief financial officer, Graham Kerr, recently said Jansen “will probably come to the board next financial year”. That means a busy 14 months of development work and perhaps, searching for a joint venture partner.