The company also said that is evaluating options to accelerate Stage 2, which would add an additional 4 million tonnes per year, at a capital intensity of between $800 and $900 per tonne, almost 30% lower than expected for Stage 1.
“BHP is trying to accelerate first tonnes at Jansen, but it still seems best case is first tonnes come late 2026 with a two-year ramp,” BMO Fertilizers and Chemicals analyst, Joel Jackson, wrote in May.
“We believe BHP needs to hire about 600 miners for Jansen with the labour per tonne deemed lower than [competitors] Nutrien and Mosaic’s incumbent mines as BHP expected to employ less equipment per tonne and other innovation,” Jackson noted.
The company completed installing the production and service shafts required for the project, which came at a $2.97 billion cost, BHP said Tuesday in its operational review for the year ended June 30.
Quarter of global supply
Potash is seen by farmers as an…
