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BHP’s half-year report states Jansen Potash Mine 38 per cent complete

By Steve Chisholm Feb 21, 2024 | 1:00 PM

Across all of BHP’s mining operations the half-year report to the end of December states that revenue is up six per cent to $27.2 billion. The Australian-based company’s only potash investment at this point is the Jansen Mine about 140 kilometres east of Saskatoon.

The report states that although potash prices are down right now, the mineral used in fertilizer stands to benefit long-term because of the global trends of rising populations, changing diets and the need for more sustainable “intensification” of agriculture on a finite amount of arable land.

Jansen Stage 1 is now 38 per cent complete and on track to deliver first production in late 2026, with a two year ramp up period. Construction of Jansen Stage 2 is expected to begin late this year and it will take about six years to build with first production in the 2029 fiscal year.