# BHP explores $2 billion stake sale in Canada potash mine - sources

> According to sources, BHP is exploring a sale of a stake worth about $2 billion in a Canadian potash mine it is developing. The report says global potash prices are low due to a slump in farm prices and rapid expansion of mining capacity.

- Date: 2017-08-25 · published 2017-08-25T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/69782-bhp-explores-2-billion-stake-sale-in-canada-potash-mine-sources
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

A BHP stake sale signals more new potash capacity coming into a market already oversupplied. That supports continued weak potash prices.

## Read by commodity

- POTASH: neutral

## Sources

- reuters.com: https://www.reuters.com/article/business/bhp-explores-2-billion-stake-sale-in-canada-potash-mine-sources-idUSKCN1B528G/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.