BHP will \u0027absolutely\u0027 be chasing more Canadian nickel assets, says Ragnar Udd
The world’s biggest mining company sees nickel as one of three “future-facing commodities” — along with copper and potash — and has set up its exploration and business development team in Canada, partly to scour for opportunities in Ontario’s highly prospective Ring of Fire region.
Besides its deposits, Canada has great people, policy that’s becoming more investor friendly, a population that seems to “get it” and a market that understands and invests in projects, he said. “You shouldn’t read basically that the conversation with Noront is a one and done,” he said. “It could be almost the tip of the iceberg in terms what I think the media saw as being worthy. But the reality is we have an entire engine that takes a look at growth within BHP.”