Original article by Peter Ker
The Australian Financial Review – Page: 14 & 18 : 16-Mar-20
BHP is due to decide by February 2021 whether to spend at least $US5.3 billion on developing the Jansen potash project in Canada. However, the coronavirus outbreak has given it the opportunity to immediately become a potash producer by launching a takeover bid for Canadian miner Mosaic. The outbreak has seen Mosaic’s shares fall by 50 per cent in the past two months, making it cheaper for BHP to acquire it than to develop Jansen, which would be unlikely to commence production until 2026.
BHP GROUP LIMITED – ASX BHP, THE MOSAIC COMPANY