From The Motley Fool
Mining giant BHP Billiton (ADR) (NYSE: BHP) is getting ready to make one of its most difficult decisions; whether or not to pull the plug on its $14-billion Jansen potash project located in Canada. In fact, this is the company’s only remaining mega-project that hasn’t been scrapped.
Potash woes
With each passing day, the massive project in the Saskatchewan province is looking less and less lucrative. In the sluggish economic environment, the company’s investors were already unwilling to commit to large projects with enormous capital requirements. Then there was the oversupply in the potash market, which made it even more unattractive.
