BHP Jansen 1 Now 52% Complete

BHP reported on July 17 that its Jansen Stage 1 potash project in Saskatchewan remains ahead of its initial schedule and is now 52% complete, up from 44% in April (GM April 19, p. 27). First production is targeted for the end of calendar year 2026. Capital expenditures are expected to be $5.72 billion with capacity of 4.15 million mt/y.

Jansen Stage 2, which reached final approval in October 2023, is now 2% complete and expected to be up in fiscal year 2029. Capital expenditures are put at $4.86 billion with capacity of 4.36 million mt/y.