Bhps view on potash
https://www.australianmining.com.au/news/bhp-favours-ahs-trucks-potash-as-part-of-decarbonising-strategy/
Henry also said last month that potash had an upside in a decarbonising world.“In a decarbonising world, there will be greater pressure on arable land, I think the agricultural industry is also a key contributor to emissions globally. Anything that will contribute to that activity occurring in a more efficient way will be needed. Potash, because of its effect on yield, can be a key contributor to that,” he said.
BHP chair Ken Mackenzie reiterated in the Q&A session that the company was interested in moving the Jansen potash project in Canada forward.
However, he added that decisions at the company board level would still be guided by the capital allocation framework.
“Potash is not really all that well followed by market analysts. It’s a relatively small market. So we actually have to build a lot of capability within BHP on the supply and demand sides and really develop a proprietary view looking forward about the attractiveness of the commodity,” Mackenzie said.“Given that we like the commodity, its long-term attractiveness and we like our resource position, what’s the best way to create value for shareholders from that position?
That’s what (Henry) and his team will be bringing to the board next year.”
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