Connect with us

Hi, what are you looking for?

Smart Success Strategy – Investing and Stock NewsSmart Success Strategy – Investing and Stock News

Editor's Pick

Stage 1 of BHP’s Jansen Potash Project Hits Halfway Mark

The Jansen potash project has surpassed the 50 percent construction completion mark for its first phase (JS1), BHP (ASX:BHP,NYSE:BHP,LSE:BHP) announced in a press release earlier this week.

Jansen was BHP’s first stepping stone into the potash sector more than 14 years ago. The project site is located approximately 140 kilometers east of Saskatoon, Saskatchewan, Canada, and is fully owned by BHP. Two of the mine’s shafts are over 1,000 metres deep.

“As JS1 crosses the halfway mark, the focus now shifts towards the completion of the mill building and processing plant, port construction, finalizing infrastructure and gearing up to handover the project to operations,” the company stated in the press release.

Stage one has a planned annual production of 4.15 million tonnes, with first production expected to be delivered in late 2026. Stage two construction is anticipated to take six years, with its first production in 2029 followed by a ramp-up period of three years.

Once both stages are complete, the project is designed to produce approximately 8.5 million tonnes per annum of agricultural-grade potash.

BHP has already commenced construction of stage two alongside construction of stage one. Some of the benefits of the transition to the second phase during the construction of the first phase, according to BHP, include leveraging the experience of the Jansen project team, using existing contractors and reducing overheads.

The company’s total investment amount of about CA$14 million is both the largest investment in BHP’s history and the largest private investment in Saskatchewan. BHP approved CA$7.5 billion in investment for stage one of Jansen in 2021 and allocated an additional CAD$6.4 billion investment for stage two when it announced the expansion in late 2023.

“Building one of the largest potash mines in the world requires an all-hands-on-deck approach, and the province has really come together to make a project of this magnitude possible,” said Karina Gistelinck, BHP’s asset president for potash. “Delivering Jansen safely remains our top priority as we get ready for Jansen operations in 2026.’

The project is expected to operate for up to 100 years, and once stage 2 is complete, Jansen is expected to supply about 10 percent of global potash production.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
Enter Your Information Below To Receive Latest News, And Articles.



    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    The energy revolution is here to stay, and electric vehicles (EVs) have become part of the mainstream narrative. Despite geopolitical tensions and uncertainty, the...

    Editor's Pick

    Overview Mexico’s Sinaloa state hosts a number of prolific silver and gold mines, including McEwen Mining’s (TSX:MUX) El Gallo Complex, Americas Gold and Silver’s...

    Editor's Pick

    Uranium is an important energy sector commodity, and its rising value has attracted investor interest. 2023 has seen uranium prices solidly above the important...

    Investing

    A new survey shows that the presidential race between former President Donald Trump and President Biden is thin, but Biden faces a deficit in...

    Disclaimer: smartsuccessstrategy.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 smartsuccessstrategy.com