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Potash News Digest
Monday 29 May 2017
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Company could seek approval from the board for Jansen's expansion as early as June 2018, said chief executive Andrew Mackenzie.

US activist investor steps up pressure on BHP to ditch petroleum. Mackenzie says company already knows what to do to lift value by 50% and double return on capital.

Move comes on the heels of calls from shareholders including activist investor Elliott Management and Australia’s Tribeca Investment Partners for a change of BHP's corporate structure.

Governments, industry players, unions expected to sign federal mining agreement this week, which aims to double investment in the sector to $25bn in eight years.

It's the first potash mine built in the Canadian province of Saskatchewan in more than 40 years.

The Canadian miner, the world’s largest producer of the fertilizer by capacity, expects strong demand to continue this year as North American farmers seek to replenish soil nutrients after record harvests.

Net income totalled $2.5 billion, compared with profit of $525 million in the prior three months and almost $1.8 billion a year earlier.

The miner said decision was unrelated to Elliott Management's call earlier this month to unlock shareholder value by spinning off about $22 billion of BHP's US oil assets.

Park authority confirmed Sirius Minerals has started building its mine.

The giant equipment maker's quarterly profit surged past estimates helped by a recovery in most of its end markets.

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