🕐23.06.11 - 18:54 Uhr
BHP BILLITON NEWS
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_Latest News Updates_
[2]Further Investment in the Jansen Potash Project
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http://www.bhpbilliton.com/home/investors/news/Pages/Articles/Further-Investment-in-the-Jansen-Potash-Project.aspx
June 24, 2011
BHP Billiton announced today approval for US$488 million of further
investment to support development of the Jansen Potash Project in
Saskatchewan, Canada. This additional pre-commitment capital will fund
site preparation and the procurement of long lead time items during the
projectâs feasibility study. The funding will also enable BHP Billiton to
develop the first 350 metres of the production and service shafts should
Government approvals be received.
Todayâs announcement takes BHP Billitonâs investment in Jansen to $1.2
billion and the total dedicated to Saskatchewan to almost $2 billion
(including acquisitions), reflecting the companyâs commitment to develop a
world class potash business in the province.Â
In February 2011, BHP Billiton announced progression of the Jansen Potash
Project into the feasibility study phase. On site, the company has
constructed the refrigeration centre and drilled more than 55,000 metres of
wells to complete the 89 freeze holes and monitoring wells required for the
production and service shafts. Based on the current schedule, Jansen is
expected to start producing saleable potash from its 3,370 million tonne
in-situ Mineral Resource in calendar year 2015. The project is designed to
ultimately produce approximately 8 million tonnes per annum (mtpa) of
agricultural grade potash with an estimated 70-year mine life.
BHP Billiton also continues to study other potential projects in the
Saskatchewan potash basin and will start drilling at Melville in July 2011,
having undertaken 2D and 3D seismic surveys of the project area. The
Boulder and Young projects continue to progress as do other studies in the
area. While the full size and potential of these development options have
yet to be confirmed, BHP Billiton believes its Saskatchewan potash business
could reach an annual production capacity of more than 16mtpa.
BHP Billiton Diamonds and Specialty Products President Tim Cutt said: âWe
continue to make good progress at Jansen and at our other potash projects in
Saskatchewan. At Jansen we remain focused on the ground freezing process
ahead of sinking the production and service shafts, and we continue to work
with the provincial Government to secure the necessary environmental
approvals. We look forward to increasing our presence in Saskatchewan as
we relocate our Canadian headquarters to Saskatoon, our project pipeline
matures and as we develop a significant and scalable potash business.â
_Mineral Resources:_
This release includes information on Mineral Resources, which is based on
information prepared by the relevant Competent Persons as named in the June
2010 Annual Report, and reported under the âAustralasian Code for Reporting
of Exploration Results, Mineral Resources and Ore Reservesâ(JORC Code).
The
Competent Persons verify that this release is based on and fairly reflects
the information in the supporting documentation and agree with the form and
context of the Mineral Resources presented.
The Competent Persons are full
time employees of BHP Billiton unless otherwise noted and have the required
qualifications and experience to estimate and report Mineral Resources under
the JORC Code.
The relevant details of the Competent Persons, and the
Mineral Resources broken down into Measured, Indicated and Inferred
categories can be found at: http://www.bhpbilliton.com.
Â
[4]Read on
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http://www.bhpbilliton.com/home/investors/news/Pages/Articles/Further-Investment-in-the-Jansen-Potash-Project.aspx
_Other News___
[5]BHP Billiton And University College London Launch Natural Resources
Initiative
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5.
http://www.bhpbilliton.com/home/investors/news/Pages/Articles/BHP-Billiton-And-University-College-London-Launch-Natural-Resources-Initiative.aspx
June 10, 2011
[6]BHP Billiton Becomes First Operator To Bring New Deepwater Production Well
Online Since Moratorium
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6.
http://www.bhpbilliton.com/home/investors/news/Pages/Articles/BHP-Billiton-Becomes-First-Operator-To-Bring-New-Deepwater-Production-Well-Online-Since-Moratorium.aspx
June 07, 2011
[7]BHP Billiton Successful In High Court On Australian Taxation Office
Assessments
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http://www.bhpbilliton.com/home/investors/news/Pages/Articles/BHP-Billiton-Successful-In-High-Court-On-Australian-Taxation-Office-Assessments.aspx
June 01, 2011
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