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Released on May 10, 2011
Energy and Resources Minister Bill Boyd says BHP Billiton's consolidation of the management of its Canadian mining operations in Saskatoon is great news for the province and further confirmation of the province's robust mining industry.
The company announced this morning it will be relocating its Diamond and Specialty Products business in the coming months from Vancouver to Saskatoon. This division of the company has responsibility for BHP Billiton's Saskatchewan potash projects as well as a diamond mine in the Northwest Territories and a mineral project in South Africa.
Thirty positions are expected to be added to BHP's Saskatoon office, which currently employs 69 people. The leadership team from Vancouver will be part of the move, including new Diamond and Specialty Products President Tim Cutt.
"BHP Billiton has indicated its strong commitment to Saskatchewan and the major potash projects it is developing here," Boyd said. "This relocation announcement underscores that commitment and the company's desire to establish deep roots in our province."
BHP Billiton is one of a number of new companies involved in Saskatchewan's potash industry along with other international companies such as Vale and K & S Aktiengesellschaft. Boyd said the heightened interest in Saskatchewan potash shows an appreciation for both the rich and abundant resources here and the attractive business climate Saskatchewan offers for the industry.
"Our existing potash producers are following through with more than $12.2 billion worth of expansions to their existing mines over the next decade," Boyd said. "Add to this the other projects on the drawing board by new companies and the future looks very bright indeed for our potash industry, and by extension, for the future of our province."
BHP Billiton is continuing to do feasibility work on its Jansen potash project near Lanigan. If the potash mine goes ahead, it would be the largest in the province.
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For more information, contact:
Bob Ellis
Energy and Resources
Regina
Phone: 306-787-1691
Email: robert.ellis@gov.sk.ca
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