Stock Groups

Canada to invest up to C$100 million to develop low-emission BHP potash mine -Breaking


© Reuters. FILEPHOTO: BHP visitors talk to representatives of the Prospectors and Developers Association of Canada at its annual convention. This was held in Toronto (Ontario, Canada) March 4, 2019. REUTERS/Chris Helgren/File photo

OTTAWA (Reuters) – Canada will join the BHP Group (NYSE:) Ltd, which is the world’s biggest miner, and make a total investment of C$100m ($77.83m) to help develop a low emission potash mine in Jansen (Saskatchewan), Francois Champagne, Canadian Innovation Minister said Monday.

“We know how critical potash is for our country when it comes to food security, and that’s why we are pleased to partner with BHP on this very ambitious project that will bring strong economic benefits to Saskatchewan, while also helping cement Canada’s mining industry as the best in the world as we pivot toward a zero-emissions future,” Champagne said.

($1 = 1.2848 Canadian dollars)