Tuesday, May 13, 2008

BHP Buys Anglo Potash (BHP)

Via Peak Energy:

The Australian reports today that BHP has bought a Canadian potash company.
MINING giant BHP Billiton said today it had agreed to buy Anglo Potash for $C284 million ($A300 million). BHP Billiton said Anglo Potash's only asset was its 25 per cent interest in the Canadian potash joint venture development project in which BHP Billiton holds a 75 per cent stake. If the deal is approved, BHP Billiton would take 100 per cent control of the joint venture, which is focused on developing the first new potash mine in almost 40 years in the western Canadian province of Saskatchewan.

The world's largest potash producer is US company Potash Corp. Energy Bulletin recently pointed to a presentation by William Doyle to Potash shareholders (pdf) quoting Norman Borlaug on the importance of fertiliser....Much More with some great links.

Just as an aside, folks don't feel compelled to refer to Norman Borlaug as "Nobel Laureate Norman Borlaug". My guess is it's because the good professor is pretty comfortable in his own skin. Here he's shown surrounded by Mexican wheat. The joke du jour was
"He's out standing in his field".

The Dr. Norman E. Borlaug Bronze Medal
The Dr. Norman E. Borlaug Bronze Medal
(click on medal for mini-bio)