BHP pushes back timing for both Stage 1 and Stage 2 at Jansen

In Monday’s release of BHP’s financial results for the full year ending June 30th, BHP announced Stage Two of the Jansen Mine will be pushed back two years to 2031.

In its report BHP notes, “While consumer inflation has fallen to close to 2 per cent in Canada, price growth for industrial construction works has been significantly stronger, increasing by over 10 per cent in the past two years in Saskatoon. This has placed upwards pressure on costs for Jansen.”

In July BHP announced first production at Jansen Stage 1 would be pushed back to mid-2027 from the target of late 2026. That remains the case in the latest financial results.

In its business outlook for Jansen, included in the most recent financial results, BHP concludes, “Jansen is a world class asset and is expected to have operating costs at the low end of the cost curve when fully ramped up.”

The provincial NDP are again calling on the provincial government to cut the PST on construction labour in the wake of the latest news from BHP. Jansen is located approximately 150 kilometres east of Saskatoon.