Against mining giant BHP Billiton to acquire Canada Potash Company PotashCorp, press spokesman for the Ministry of Commerce said yesterday that Yao Jian, have noticed the deal, "as an official declaration, Department of Commerce will be reviewed in accordance with the law."
"The Commerce Department noted that Canada has the capacity of the potash company accounted for 20% of global production, global trade volume accounts for 30%, the potash and resource companies trading will inevitably lead to global attention. "Yao Jian said, will focus on BHP Billiton's bid for the transaction, because of its impact on China. For the outside world to Chinese enterprises involved in rumors PotashCorp merger, Yao kin indicated that the Department of Commerce does not currently have received relevant data and information.
We understand that our country is the world's important potash imports, 2008-potash fertilizer import dependence of up to 55%, while in 2009 that figure dropped to a 28%, but still being the larger of the international market. (Editors: Wang sponge)
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