BHP Signs Potash Transport Deals With Canada's National Rail Carriers

MT Newswires Live06-04 22:09

BHP Group's (BHP) BHP Canada subsidiary said Thursday it signed transportation agreements with Canadian National Railway (CNI) and Canadian Pacific Kansas City (CP) that will help move potash from its Jansen project in Saskatchewan to Westshore Terminals in Vancouver for export.

Both Canadian National and Canadian Pacific will operate unit trains between Jansen and Westshore Terminals under roughly four-year contracts, BHP said.

"The Jansen Potash Mine project represents a generational investment in Saskatchewan and a significant opportunity for Canada's export economy," CN Chief Commercial Officer Janet Drysdale said.

"We are pleased to enter into this agreement with BHP as they expand into the potash market," said Canadian Pacific President and CEO Keith Creel. "We look forward to providing our industry-leading service to BHP helping to drive innovation and reliability across the potash supply chain."

Price: 89.55, Change: -1.30, Percent Change: -1.43

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