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Global mining giant BHP Billiton has agreed to buy shale gas interests from Chesapeake Energy Corp. for $4.75 billion in its first move into shale gas as it looks to beef up its oil and gas business.
In BHP’s first big acquisition since a string of failed deals, the global miner said it was buying Chesapeake’s holdings in Arkansas’ Fayetteville shale natural gas field. Get the full story »
Russia’s Phosagro, chaired by an ally of Prime Minister Vladimir Putin, said on Tuesday it would consult with Canada’s government on a bid for Potash Corp., which has its offices and CEO in Northbrook, after BHP Billiton withdrew.
“Phosagro intends to consult with all interested parties, including the government of Canada, on the advisability of a bid to buy Potash Corp as an alternative to BHP Billiton’s previous bid,” the Russian fertiliser producer said in an e-mailed statement. Get the full story »
Reuters | BHP Billiton sees potash as an ideal fit within its portfolio of
commodity products, and the global mining giant is focused on developing
its potash projects in Western Canada into a world-class basin play, a
top executive said on Tuesday.
