BHP Billiton’s proposed $US10 billion ($9.7bn)-plus diversification into the global bulk fertilizers market through the development of its Jansen potash project in Canada has received a seal of approval from Goldman Sachs.
In a report that looks at the 10 major themes likely to emerge in the minerals space, Goldman identifies potash as the commodity for the next decade as the pressure to feed the world by achieving greater yields from nutrient deficient soils in China, India and elsewhere grows.