Russian Miner Ualkali has dashed BHP's hopes of a replacement for declining iron ore prices. Uralkali is the world's largest potash producer and on Tuesday announced it's ending the decades-old distribution arrangement with Belarus, which controls roughly 43% of global exports, to go it alone.
Lower Commodity prices and a slump in profits have caused BHP to shelve the Outer Harbour Project at Port Hedland and Olympic Dam development in South Australia.