Metals

BHP’s potash mine in Canada now 50% ready

CBCIE Time:Jul 23, 2024 18:14 Source:mining

BHP said on Monday that the first phase of its massive Jansen potash mine in Saskatchewan, Canada, has reached and surpassed the halfway point of completion.

The world’s biggest miner noted that phase two was now underway with the project on track to reach first production in 2026, with expected potash output of 4.2 million tonnes a year.

BHP said the focus will now be on completing the mill building, processing plant and port construction, all while finalizing infrastructure and preparing to transfer the project to operations.

“Building one of the largest potash mines in the world requires an all-hands-on-deck approach, and the province has really come together to make a project of this magnitude possible,” BHP’s potash president, Karina Gistelinck, said in the statement.

Construction of Jansen’s second phase is expected to take six years and deliver first production in 2029. The company has said this stage needs an investment of C$6.4 billion ($4.9 billion).

Located 140 km east of Saskatoon, the Jansen project is set to become one of the world’s largest producers of potash, a commodity considered to be a pillar of future growth for the company. It also represents the single largest private economic investment in the province’s history.

Since giving the project its go-ahead in August 2021, BHP has been injecting capital to speed up its development even when potash prices were falling. Even before its approval, the group had spent $4.5 billion on the project.

The proposed potash mine is being built in four stages, with $5.7 billion already spent on the first stage alone. In October last year, BHP announced plans to expand the Jansen project, approving a further $4.9 billion investment for stage two. This brings BHP’s total investment in Jansen to date to about C$14 billion ($10bn).

BHP anticipates that Jansen will become one of the world’s largest potash mines, producing 8.5 million tonnes per annum and boosting global production by an estimated 10%.

Potash is part of Canada’s critical minerals list due to its importance as a key soil nutrient, essential for ensuring global food security. Australia has not yet classified potash as a strategic mineral.

All articles, pictures, reports and other original works on the website that are attributed to CBCIE are non-public information, only for members. No one may reproduce or otherwise use the original content of this website without our permission. If you need to use it, please call
+86 18135172048 to apply for authorisation. CBCIE reserves the right to pursue any infringement and citation contrary to the original intent.

Disclaimer:CBCIE is committed to building a comprehensive and authoritative metal information platform, and strives to provide a full range of data and information services and decision-making support for metal industry researchers and practitioners. However, the information on this website is for reference only and is not intended as direct advice for investors' decision-making. Any investment, purchase, sale or operation based on the information on this website should be at your own risk and is not related to CBCIE.

Contact us

Contact us for more CBC information and services.

Get in touch
CBC专家咨询 关闭
2025-2030年报预订 关闭
close
WeCom

CS Manager:
Zizhen Zhang

+86 18135172048