BHP Likely to Proceed on Jansen Potash Says Analyst

Scotiabank sees a 90 percent probability that BHP will approve Phase 1 of its Jansen potash project in Canada within three to four months, according to a Bloomberg report. There will be market demand for Phase 1 potash by 2030, the estimated year for completion if approved, Scotiabank analyst Ben Isaacson said in a note Monday. The forecasts comes despite feedback from BHP shareholders that they largely do not want more capital invested in the project. However, analysts cite BHP’s CEO as continuing to discuss potash as favorable in the long-term.