BHP Billiton to stall Jansen potash production

• Autores: Yoke Wong
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 587, 2016 (Ejemplar dedicado a: Octubre)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • "BHP Billiton will be sinking two shafts in [Jansen], that would be 60% complete. We would decide whether we would invest further in the mine," a company spokesperson told IM. "We will only invest if we can see good return." BHP Billiton's decision was primarily driven by declining potash prices. Long-term supply contract prices have fallen by at least 30% year-on-year (y-o-y). Potash producer Belarusian Potash Co. (BPC) first announced at the end of June that it would be supplying potash to Indian Potash Ltd (IPL) at $227/tonne on a CFR India basis for 2016/17. The price was a 32% decline on 2015 contracts, which were signed at $332/tonne.

    The Jansen mine shaft. BHP Billiton says there is no "hard date" for the project start up. BHP Billiton