Sask. First Nations explore PotashCorp bid: report

A number of Saskatchewan First Nations leaders are working on a multi-party bid for PotashCorp, according to a reporgold content in mine tailingst. Postmedia News said Thursday the First Nations are working with pension funds, Chinese investors and merchant banks to prepare a bid for the Potash Corporation of Saskatchewan, which is the subject of a hostile $38.6-billion US takeover attempt by the Anglo-Australian mining giant, BHP Billiton.

According to a spokesman for the Indigenous Potash Group, the parties have held a series of meetings in the past week with Saskatchewan officials, PotashCorp executives and potential investors. Saskatchewan's First Nations are opposed to BHP's takeover bid and, like the provincial government, have asked the federal government to block the takeover. In Regina, the government of Premier Brad Wall will introduce an emergency motion Thursday that formally calls on Ottawa to reject the BHP deal. The Opposition NDP is expected to support it. Wall has said unanimous support for the resolution should send a powerful message to Ottawa that there's a broad consensus of opposition...