BHP Billiton receives environmental OK from Saskatchewan for Jansen project
SASKATOON - BHP Billiton has received approval from the Saskatchewan Ministry of Environment for the development of its Jansen potash project.
The Anglo-Australian mining company said after a technical and public review that the provincial ministry was satisfied with its plan to mitigate any adverse effects of the proposed mine.
BHP has been working on early stages of the Jansen project for several years, even before it attempted to buy Potash Corp. of Saskatchewan (TSX:POT) in a deal that was blocked by the federal government last November.
BHP submitted an environmental impact statement for the Jansen review last December.
The approval follows a move last week by the company to approve spending US$488 million on the project.
The money will be used for site preparation and to buy long lead time items during the project's feasibility study.
BHP said it expects to seek final approval from the company's board to go ahead with the mine next year
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