China In Race To Corner Canada’s Potash?
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China is desperate to feed its growing population and is keenly exploring potash in Canada, as also developing potash rosources. But is its growing interest in Canada only a flash in the pan?
The world’s largest mining company, BHP Billiton Ltd (BHP:AX), which has been a rumoured suitor for months and has been toying with an estimated price of $40-billion, could well turn away to more interesting tidbits, given the current scenario.
BHP had said potash is “seen as an opportunity,” when asked whether the company would buy its way into the fertilizer industry or develop its own properties. Potash currently has a market value of US$ 28 billion.
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