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BHP Billiton closes Athabasca acquisition
 
24th March 2010
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TORONTO (miningweekly.com) – The world's biggest mining company, BHP Billiton, has completed its acquisition of Canadian junior Athabasca Potash.

BHP paid C$8,35 for each Athabasca share, to gain the smaller company's Burr potash project and a large exploration land package in Saskatchewan, Canada.

“BHP Billiton now has access to a total of more than 14 000 km2 of prospective exploration ground in the world-class Saskatchewan potash basin,” the group said.

The miner has applied to delist Athabasca's shares from the TSX, and expects the delisting to take effect within three days.

Edited by: Liezel Hill

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