In the transition to clean energy, the world is expected to need four times as much nickel in the next 30 years as it has in the last 30 years, Ragnar Udd, BHP’s president for Americas minerals, said in an interview.
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.
After bowing out of a bidding war with Australian billionaire Andrew Forrest for Noront Resources Ltd. in December, Melbourne-based BHP will “absolutely” be chasing more Canadian nickel assets, Udd 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.”
That engine includes in-house…
