Vancouver, Wash. and miner agree on potash export site
Written by William C. Vantuono, Editor-in-ChiefThe mining company BHP Billiton has reached a preliminary agreement to establish a potash export facility at Port of Vancouver USA, in Washington state. BHP has selected proposals from Canadian Pacific and BNSF Railway for transporting potash to the port.
“The port and BHP Billiton have reached preliminary agreement to proceed and are working to finalize terms and a lease agreement,” the Port of Vancouver USA said in a statement.
BHP’s planned potash mining project is at Jansen in the Canadian province of Saskatchewan. Jansen reportedly is being developed to produce potash amounting to about 12% of existing global annual capacity.
“We expect Jansen to get the go-ahead,” BMO Capital Markets analyst Joel Jackson said in a note to investors.
