BHP Billiton Limited
(ASX:BHP) says it’s encouraged by recent findings that suggest its push into the Canadian potash sector will be supported, with more of the resource found close to its proposed Jansen mine.
BHP has described potash as having the potential to become a pillar of the company alongside iron ore, coal, petroleum and copper.
Speaking at the company's annual meeting, BHP Billiton boss Andrew Mackenzie said exploration work had suggested that Jansen could be just the start of a basin-wide play for BHP in the Canadian state of Saskatchewan.
Mr Mackenzie says the pace of investment in the basin will continue to be gradual, but he said it’s very exciting.
BHP generated a net profit of $11.9 billion in fiscal 2013.
