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The hostile takeover battle ended 18 months ago, but the fight to dominate Canada’s potash resources seems far from over between Potash Corp. of Saskatchewan Inc. and BHP Billiton Ltd.
After fending off the Australian mining giant’s $39-billion bid with Ottawa’s help, Potash chief executive Bill Doyle said he remains a doubter about BHP’s Plan B — to build a Canadian-based global potash business from the ground up, starting with its proposed Jansen mine.
In an interview, Mr. Doyle suggested BHP’s construction progress at the Jansen mine and its expanding presence in Saskatoon are just part of “horse racing” in a competitive business.
“Until they decide to push ahead, we’ll believe it when we see it,” he said during a stop in Calgary, where he attended a meeting of the Canadian Council of Chief Executives this week.