BHP (ASX, NYSE: BHP), the world’s largest miner, will decide whether to go ahead with its long-delayed $17 billion Jansen potash project in Canada by mid-2021, about a decade after completing the feasibility study for the operation.
The company had planned to make an investment decision in February 2021, but delays relating to the completion of shafts have pushed out the date by a few months.
BHP said initial challenges with placement of shaft lining, rectified since, as well as the group’s covid-19 response plan impacted Jansen’s progress during the quarter ended June 30.
The project is 86% completed, the mining giant said, adding it has earmarked $2.7 billion to finish excavation and lining of the production and service shafts. The figure is also expected to cover the further installation of surface infrastructure and utilities, it said.
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