BHP has struck potash for the first time as it sinks a pair of shafts at its Jansen project in Saskatchewan, the company told the Star-Phoenix. Crews reached potash at levels of 924 meters late last month. The company called it a “major milestone.”
To date, BHP has committed some $3.8 billion to the project. BHP, however, has not committed to completing the project, continuing to enhance project economics, study the market and look for a partner.