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Exterior Saskatoon, BHP Group, of the world’s largest mining companies, has been pouring billions of {dollars} into its Jansen venture — a proposed potash mine.
Potash, a fertilizer that helps enhance the standard and yield of farmland, isn’t what BHP is understood for. It’s recognized for producing metals akin to iron ore and copper, in addition to vitality like coal and petroleum.
This week on Down to Business, BHP’s new chief government, Mike Henry defined what’s driving the corporate to have a look at potash.
It’s not solely that Saskatchewan has a number of the finest potash sources on this planet, Henry stated.
More and more, the corporate is considering local weather change and the way it will have an effect on demand for commodities. That’s why it thinks demand for potash will develop, and it’s additionally why BHP is now trying to unload sure coal property, he stated.
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