BHP Billiton Thaws Spending Freeze With $2.6B Investment

Law360, New York (August 20, 2013, 3:19 PM EDT) -- Mining giant BHP Billiton Ltd. said Tuesday it would invest $2.6 billion into a Canadian potash project, its first major investment since a spending freeze last year.

The money, spread over several years, will help finish the excavation and lining of the Jansen mine in Canada, whose future, like many of BHP's big capital projects, had been up in the air since mid-2012. The project, which is likely to cost at least $14 billion, is a big bet by BHP that the fertilizer will play a...
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