Activist fund Elliott adds potash to list of BHP grievances

July 20, 2017

Responsive image

Activist shareholder Elliott Management said it has deep concerns over a proposal by BHP to enter the currently over-supplied fertiliser market, reiterating its call for change at the mining giant.

BHP has signaled it may push ahead with its long-dormant Jansen potash mine in Canada in a counter-cyclical play to capture part of what it sees as a $50-billion-a-year market by the mid 2040s.

Category: General