Original article by Peter Ker
The Australian Financial Review – Page: 15 : 3-Jun-19

BHP is slated to decide within 18 months if it will commit an additional $US5.5bn to the first stage of its Jansen potash project in Canada. CEO Andrew Mackenzie recently told investors that BHP has overinvested in the project to date, and James Gurry of Deutsche Bank says it may be a good time for BHP to review the carrying value of Jansen. He adds that there is potential for an initial impairment of around $US1.2bn ($1.7bn). Meanwhile, Rio Tinto’s Albany potash joint venture in Canada could commence production within two years.

CORPORATES
BHP GROUP LIMITED – ASX BHP, DEUTSCHE BANK AG, RIO TINTO LIMITED – ASX RIO, JSC AKRON