After the deal, BHP shareholders will own about 48% of Woodside, the miner said in a statement yesterday. The company also announced it would eradicate its dual-listing structure and move to a single primary listing in Australia. BHP has also finally approved the first stage of construction of the Jansen potash mine in Saskatchewan, Canada, after years of wavering over the huge price tag. “Potash provides BHP with increased leverage to key global mega-trends, including rising population, changing diets, decarbonisation and improving environmental stewardship,” the company said. The industry has been focused on shareholder returns and debt reduction after being penalised by investors for overspending.

Source: The Star August 17, 2021 23:15 UTC