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BHP’s potash nemesis says Canada would be more welcoming next time

Peter Ker
Peter KerResources reporter

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A BHP bid for Canada’s biggest potash miner would be more likely to pass foreign investment scrutiny than a decade ago, says the man who blocked BHP’s $40 billion bid for Potash Corporation of Saskatchewan in 2010.

Canada’s former Industry Minister, Tony Clement, said national security was now the primary focus of foreign investment rulings, rather than the factors that convinced him to reject BHP’s potash ambitions in 2010.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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    Original URL: https://www.afr.com/companies/mining/bhp-s-potash-nemesis-says-canada-would-be-more-welcoming-next-time-20211217-p59igs