BHP may go slow on Jansen?

Melbourne — First came word that BHP Billiton might cut back on capital expenditures plans, leading to speculation that it might table its giant Jansen potash project in Saskatchewan, altogether. BHP denied any such plans. Now comes a report in The Australian Financial Review that BHP may sink two mine shafts at Jansen but delay some surface infrastructure work. BHP had not responded to inquiries at press time. To date the company has spent several million on Jansen, but its board of directors is yet to give the project the final green light to proceed to completion.