Diversified miner BHP is speeding up work at its Jansen potash mine, in Canada, as the group sees an attractive entry opportunity for supply in lower-risk jurisdictions amid increased geopolitical uncertainty.
The company, which previously bought forward first production at Jansen Stage 1 from 2027 to the end of 2026, on Tuesday confirmed that the feasibility study for Stage 2 would be completed a year earlier than previously planned.
Feasibility studies for Stage 2 have started and will be completed during the 2024 financial year, BHP said in a statement.
The first phase of the project – currently under construction – will have a production capacity of 4.35-million tonnes a year. Phase 2 is expected to add a further four-million tonnes a year.
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