Vancouver attempts to lure potash shipper
The Port of Vancouver, Wash., said discussions are underway with BHP Billiton regarding locating a potash export facility at the port's Terminal 5.
'The port and BHP Billiton have reached preliminary agreement to proceed and are working to finalize terms and a lease agreement,' the port authority said.
The project would include handling, storage, dock and rail facilities for potash export from BHP Billiton's first mine to be developed in Canada's Saskatchewan Basin. Potash is a natural mineral fertilizer that improves crop yields.
'BHP Billiton has selected Terminal 5, together with rail proposals from Canadian Pacific Railway and BNSF Railway as the preferred option to export potash from its Jansen Project in Saskatchewan when that project goes into production,' the port said.
Once a final agreement has been reached, approval is required from BHP Billiton and the port's board of commissioners.
Vancouver attempts to lure potash shipper
