Deals

BHP Delays Saskatchewan Mine After Activist Push

World’s top miner also defers $13 billion potash project
Shale assets could yield $8 billion to $10 billion: Macquarie

Andrew Mackenzie, chief executive officer at BHP, discusses plans to quit U.S. shale, activist investors, full-year earnings and his outlook for the company. He speaks on 'Bloomberg Markets: Asia.' (Source: Bloomberg)

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By David Stringer, Perry Williams, and Haidi Lun

August 21, 2017 at 10:11 PM UTC

Updated on

August 22, 2017 at 11:51 AM UTC

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BHP Billiton Ltd. is in talks with potential buyers of its U.S. shale assets, acquired in a contentious $20 billion deals spree in 2011, and will delay a move into potash after months of public skirmishes with activist investors led by Paul Singer’s Elliott Management Corp.