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BHP’s decision on Jansen potash mine imminent
Mine shaft at Jansen. (
Image courtesy of BHP)
BHP (ASX, NYSE, LON: BHP), the world’s largest miner, is weeks away from deciding whether to go ahead with its long-delayed Jansen potash project in Canada, more than 10 years after completing the mine’s feasibility study.
The company has been mulling a final decision on the asset for at least eight years, during which it has spent about $4.5 billion laying the ground for crop nutrient-producing project.
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As the deadline for choosing to approve a further $5.7 billion in spending to bring Jansen into production approaches, BHP has begun talks with Canadian rival Nutrien (TSE, NYSE: NTR). The companies are exploring a potential partnership that could help make the project less risky and provide critical infrastructure.
In 1981, Yossi Ghinsberg, all of 21 years old, traveled to South America with dreams of adventure. He ended up in La Paz, Bolivia where he befriended Marcus Stamm, a Swiss teacher, and Kevin Gale, an American photographer. Together, they set out on an expedition into the uncharted Amazon led by the mysterious Karl Ruprechter, an Austrian man who claimed to have knowledge of hidden gold. After traveling for several days with low supplies and frayed nerves, the four men separated Karl and Marcus would walk while Yossi and Kevin set out on the river in a raft. But as the raft neared a waterfall, Yossi and Kevin lost control and got separated from each other. Yossi spent three weeks stranded in the jungle with no supplies and little food before being rescued by a search mission just before they were about to abandon hope.