BHP approves C$6.4 billion for stage two of the Jansen potash project, doubling investment in Canada and potash
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Tuesday, October 31, 2023
Government, Petrobank Energy and Resources, The Honourable, Optimism, Education, Mining, Water, Health, Strategic Innovation Fund, Government of Saskatchewan, Food, Fertilizer, The Honourable Jim, Hatch, Urbanization, Carbon, Local government in Canada, Population growth, Potash, First Nations, BHP, MTPA, Employment, GHG, UDD, Indigenous peoples, Oil, Construction, Renewable energy, Science
This follows BHP’s approval of C$7.5 billion for stage one of the Jansen potash project (Jansen Stage 1) in August 2021, and a pre-Jansen Stage 1 investment of C$4.9 billion.
Key Points:
- This follows BHP’s approval of C$7.5 billion for stage one of the Jansen potash project (Jansen Stage 1) in August 2021, and a pre-Jansen Stage 1 investment of C$4.9 billion.
- Jansen Stage 1 is 32% complete with anticipated first production planned for late calendar year 2026.
- “The approval of Jansen stage two is an exciting next step in our growth plans for Canada that reinforces our confidence in potash, and our optimism in Canada as a premier investment jurisdiction.
- Jansen Stage 2 builds on this delivery model and introduces Fluor to the Jansen Stage 2 delivery team.