UPDATE 1-BHP submits environment study for Jansen mine

* Mine to produce 8 mln tonnes/year potash, 70 year LOM

* BHP expects environmental review complete in H1 2011

* Shares up 0.42 pct at 2515.5 pence on LSE

(In U.S. dollars unless noted)

TORONTO, Dec 17 (BestGrowthStock) – BHP Billiton (BHP.AX: ) (BLT.L: )
said on Friday it submitted an environmental impact statement
for its Jansen potash project in Canada, a preliminary step in
developing a huge new source of the mineral fertilizer.

The provincial government of Saskatchewan will review the
statement from the Anglo-Australian miner, a process that is
expected to be completed in the first half of 2011.

BHP, the world’s top mining group, says Jansen, located
some 140 kilometers (87 miles) from Saskatoon, could rank as
the largest potash mine in the world. It is set to produce
about 8 million tonnes of potash a year and would operate for
70 years, the company said.

BHP has started drilling at Jansen in preparation for
ground freezing, a requirement to build the mine shafts.

Earlier this year BHP was unsuccessful in its $39 billion
bid for Saskatoon, Saskatchewan-based Potash Corp (POT.TO: ), the
world’s largest potash producer.

Shares of BHP were up 0.42 percent at 2515.5 pence on
Friday on the London Stock Exchange.
(Reporting by Julie Gordon; Editing by Frank McGurty)

UPDATE 1-BHP submits environment study for Jansen mine