BHPBilliton approved the acquisition of additional potassium
Posted on Sep-29-2010· by china investor
The world’s largest mining company BHP Billiton today announced the acquisition of the company’s initiating Potash Company of Canada potash producers have been approved by the U.S. Federal Trade Commission, which is the first time ever overseas acquisition’s official approval.
Professional staff said the acquisition approved by the Canadian competition authorities is crucial. According to international practice, the transaction is subject to the relevant departments’s approval of China. China is the largest consumer of potash, is also a major importer. The transaction has not yet received the support of the Government of Canada.
Salt Branch of China Association held a meeting, the acquisition of BHP Billiton’s Potash company to become one of the main conference. Domestic potash fertilizer industry, such as in technology, such as Salt Lake potash fertilizer production and trade enterprises, and relevant ministries, industry experts attended the meeting.