US EditionBHP Faces 30% Cost Hike, Delay at Saskatchewan Potash Mine
CORMAN PARK NO. 344, SASKATCHEWAN, JUL 18 – BHP's Jansen Stage 1 potash project in Canada faces a 29% cost rise to $7.4 billion and production delay to mid-2027 due to inflation and lower construction productivity.
- On Friday , BHP flagged Jansen Stage 1 cost increases to US$7.0–7.4 billion, pushing first output to mid-2027.
- BHP cited inflationary pressures, design development and scope changes and lower productivity as factors driving the cost and schedule overruns.
- Record iron ore in fiscal 2025, with 290 million tonnes produced, while copper output exceeded two million tonnes, marking a new company high, BHP said.
- Market response was positive, with shares rising 2.9% to A$40.26, and Bank of Nova Scotia analyst Ben Isaacson said tighter supplies could lift potash prices in 2026–2027.
- BHP now expects second phase of Jansen project in 2031 instead of 2029, and said potential market oversupply drove the decision.
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The Peterborough Examiner+12 Reposted by 12 other sources
BHP says costs at Jansen potash project up, first production pushed back to mid-2027
SASKATOON - BHP Group Ltd. says the cost of the first phase of its Jansen potash project in Saskatchewan is going to be more expensive than earlier expectations.
·Peterborough, Canada
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Leaning Left10Leaning Right3Center1Last UpdatedBias Distribution71% Left
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- 71% of the sources lean Left
71% Left
L 71%
R 21%
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