Agriculture
Agriculture
BHP hikes cost of Jansen potash mine project in Saskatchewan by US$2 billion
2 minute read Friday, Jun. 19, 2026SASKATOON - Global mining giant BHP says the second phase of its Jansen potash mine is expected to cost 40 per cent more than previously expected.
The Australia-based company says it now estimates a price tag of US$6.9 billion, up from the US$4.9 billion it had anticipated when it was approved in 2023.
BHP is expecting first production in late 2031 from the mine east of Saskatoon, later than its original expected startup date of 2029.
It says the two-year extension, announced in August of last year, has allowed the miner to review its cost and schedule estimates.
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