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BHP sinks $7.7b into Jansen Potash Project in Canada

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This round of cash brings the total investment in the project to $15.1 billion, transforming the Jansen project into one of the world’s largest potash mines.

BHP will spend a further $US4.9 billion to build stage two of the Jansen potash project in Canada, bringing the total investment for the project to $US15.1 billion.

Sanctions have strangled the supply of potash – a key fertiliser for agricultural crops such as corn, soy, rice and wheat – from Russia and Belarus, which together account for about 40 per cent of global output.First production from Jansen Stage 1, which cost US$5.7 billion, is expected to be delivered in late 2026.

 

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