“If there are options to bring it forward — there may be a month or two in it one way or the other — we’ll take a look at that,” he said in an interview Tuesday. BHP isn’t building Jansen “for what may play out in the next six months,” but rather for its long-term value, he said.
Related: Nutrien sees supply chaos hampering fertilizer market into 2023
BHP approved the first stage of construction of Jansen in August after years of wavering over the huge price tag. The operation, expected to start production in 2027, will make it one of the world’s top producers of the crop nutrient. Since then, fertilizer prices have surged amid supply chain frictions that have been exacerbated by Russia’s invasion of Ukraine.
While extremely tight current market conditions have little bearing on investment decisions, the long-term outlook for potash remains favorable, Udd said. In addition, Jansen has plenty of scope for…
