In October, BHP announced a $4.9 billion investment in stage two of its potash project in Saskatchewan, to double capacity by the end of the decade.
This investment adds to the $5.7 billion that the world’s largest miner is already pouring into stage one of Jansen, along with an initial investment of $4.5 billion before the project’s first phase was even approved.
BHP expects potash demand to increase by 15 million tonnes to roughly 105 million tonnes by 2040, representing a growth rate of 1.5% to 3% annually.
Jansen is expected to begin production in late 2026, ramping up to 4.35 million metric tons annually.
The miner anticipates Jansen becoming one of the world’s largest potash mines, doubling production capacity to approximately 8.5 million tonnes per year (Mtpa) by late fiscal 2029.
BHP reported that the first stage of the project is 32% complete and progressing as scheduled. The second stage is expected to take six…
