Deals
BHP’s Bid for Anglo Casts Cloud Over $9 Billion Fertilizer Mine
- Anglo’s Woodsmith project in England taps polyhalite
- Product is relatively niche with unclear demand outlook
Polyhalite fertilizer is poured into bags after processing at the Woodsmith Project in North Yorkshire, UK.
Source: Anglo American PlcThis article is for subscribers only.
BHP Group Ltd.’s proposal for a $39 billion takeover of rival Anglo American Plc is all about securing plenty of copper supplies — so now, the potential deal is throwing uncertainty over the future for Anglo’s massive fertilizer mine in England.
That’s largely because BHP is already building its own giant fertilizer project in Canada, called Jansen, to which it’s already committed more than $10 billion. With an accelerated expansion planned for Jansen, BHP is unlikely to be interested in also going big on Anglo’s Woodsmith site.