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BHP says not to seek go-ahead for its Jansen potash project in 2018

Reuters | August 21, 2017 | 7:21 pm Canada Potash

SYDNEY, Aug 22 (Reuters) – BHP Billiton said it will not be seeking approval for its Jansen potash project in the 2018 calendar year due to uncertain timing on the need for the commodity used as fertilizer.

“We will not be seeking board approval for Jansen this year,” Chief Financial Officer Peter Beaven told an analyst briefing after the company reported a five-fold lift in annual underlying profit to $6.7 billion in fiscal 2017. (Reporting by James Regan; Editing by Richard Pullin)