BHP Group approves C$6.4B investment for Stage 2 of Jansen potash project

BHP announced the approval of an investment of C$6.4B for Stage 2 of the Jansen potash project, doubling BHP‘s investment in potash as the company builds one of the world’s largest potash mines, located approximately 140 kilometers east of Saskatoon, Saskatchewan. This follows BHP’s approval of C$7.5B for stage one of the Jansen potash project in August 2021, and a pre-Jansen Stage 1 investment of C$4.9B. Jansen Stage 1 is 32% complete with anticipated first production planned for late calendar year 2026. Construction of Jansen Stage 2 is expected to take approximately six years with first production planned in FY2029 followed by a ramp up period of three years. Jansen Stage 2 is expected to double production capacity at Jansen to approximately 8.5M tons per annum, increasing Canada’s production of this critical mineral and further supporting Canada’s position as one of the world’s top producers of potash. Longer term, Jansen has the potential for two additional expansions to reach an ultimate production capacity of 16 to 17 Mtpa. BHP is also pleased to continue to partner with the Governments of Canada and Saskatchewan on sustainability solutions and economic development priorities. BHP is pursuing carbon-neutral electricity at Jansen by 2035, an ambition that will require innovation and collaboration. Building on the C$100M Strategic Innovation Fund investment from the Government of Canada in June 2022, and a strong working relationship with the Government of Saskatchewan, the company looks forward to continued collaboration on these important areas.