BHP’s takeover bid has hit efforts by Anglo American to sell down a big stake in the Woodsmith potash project in the United Kingdom, and threatens to delay Gina Rinehart reaping any return on a $380 million investment.
Anglo American has been in talks about selling a 49 per cent stake in the giant fertiliser project amid a plunge in potash prices linked to higher exports from Russia and Belarus.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com