BHP Billiton’s Saskatchewan potash mine remains in a holding pattern.
The Jansen Lake operation, about 135 kilometers east of Saskatoon, has been under development for several years.
In a question and answer session Friday in Australia, Chief Financial Officer Peter Beaven said potash remains an attractive investment because there’s more people, they need to eat, and the amount of arable land will either stay the same or shrink.
So, to get more out of that arable land, he says more fertilizer will be needed.
The Jansen mine has yet to be sanctioned by the BHP Board.
Last year, Chris Ryder, head of Corporate Affairs said that several factors have led to the delay including cash availability and the struggling potash market.