21:57:20 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Nutrien Ltd
Symbol NTR
Shares Issued 494,532,146
Close 2023-10-19 C$ 83.48
Market Cap C$ 41,283,543,548
Recent Sedar Documents

FP says BHP Group has no plans to partner with Nutrien

2023-10-20 08:08 ET - In the News

The Financial Post reports in its Friday edition that BHP Group chief executive officer Mike Henry is overseeing one of the biggest capital investments in the company's 138-year history. The Post's Naimul Karim writes that BHP, known for its dominance of the copper and nickel markets, is on the cusp of becoming a major supplier of Canadian potash from its Jansen mine, about 140 kilometres east of Saskatoon. It is one thing to build a mine and BHP has as much experience doing that. Potash, however, is a different commodity than copper, nickel and coal. Nutrien has been mining the mineral since the late 1950s. That is a significant advantage, and probably explains why BHP initially attempted to purchase an earlier iteration of Nutrien in 2010, only to have the takeover blocked by former prime minister Stephen Harper's government. There was some speculation last year of the two companies partnering, but that talk fizzled out. Now that BHP has been exploring potash for more than 15 years, Mr. Henry says the company has learned enough to be a player. BHP may not have a long history in fertilizer, but a lot of people working on the Jansen project do, he says, so there are no plans to partner with Nutrien.

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