BHP explores $2 bln stake sale in Canada potash mine: Reuters

Anglo-Australian mining giant BHP Billiton Ltd is considering selling a 25 percent interest in its Canadian potash mine project, a stake that could be worth close to US$2 billion, sources told Reuters. The move comes as U.S. hedge fund manager Elliott Management Corp has been pushing the company for changes. BHP is working with an investment bank for the potential stake sale in its partly built Jansen, Saskatchewan potash project, the sources said. BHP laid out options for the Jansen project in an investor presentation dated August 22, saying it could wait, find a partner, divest or optimize it.

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