Posted in | News | Potash

Opposition to BHP's Potash Takeover Growing

Local opposition in the west Canadian province of Saskatchen to the BHP Billiton bid is growing with premier Brad Wall supporting the levy of a provincial resource transfer tax on BHP Billiton worth Canadian $3 to 6 billion. He said that they have to get the right number to make sure that the revenue of Saskatchewan is protected.

The head of BHP Billiton's non ferrous division, Andrew Mackenzie said in response that having a single tax, on a single company, on a single deal is somewhat strange. He also said that the deal would be structured so that the province has no negative tax effect.

BHP Billiton's $39 billion takeover bid for Potash Corp is currently being reviewed under the Investment Canada Act. This act allows the government power to block any takeover which is not deemed to be a net benefit to the country.

While the Canadian Prime Minister Stephen Harper is keen on sending out the right signal for foreign investments in Canada he does not want to alienate the premier Brad Wall with a possible election in 2011. As they have seen the results of Newfoundland and Labrador Premier Danny Williams effectively stir up trouble in the 2008 elections, losing all three seats for the Torries in the province.

Joel Scanlon

Written by

Joel Scanlon

Joel emigrated to Australia in 1995 and worked for five years in the mining industry as an exploration geotechnician, using GIS mapping and CAD software. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm. After that, he ran a successful business providing web services to businesses along the eastern seaboard of Australia. During this time, he developed and launched News-Medical.Net. Joel has been working with AZoNetwork since the company was founded in 2000.


Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    BHP Billiton Plc. (2019, March 19). Opposition to BHP's Potash Takeover Growing. AZoMining. Retrieved on January 28, 2023 from

  • MLA

    BHP Billiton Plc. "Opposition to BHP's Potash Takeover Growing". AZoMining. 28 January 2023. <>.

  • Chicago

    BHP Billiton Plc. "Opposition to BHP's Potash Takeover Growing". AZoMining. (accessed January 28, 2023).

  • Harvard

    BHP Billiton Plc. 2019. Opposition to BHP's Potash Takeover Growing. AZoMining, viewed 28 January 2023,

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type