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Posted AT 4:54 PM EDT on 12/05/08

BHP Billiton Diamonds buying Anglo Potash

The Canadian Press

CALGARY — A small Calgary potash explorer is being taken over by BHP Billiton, as the world's biggest miner tries to cash in on soaring demand for fertilizer in global agricultural markets. Anglo Potash Ltd. announced Monday it has agreed to be taken over by its partner BHP Billiton Diamonds Inc. in a deal that values the Saskatchewan-focused exploration and development company at $284-million.

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