BHP hikes cost estimate for first phase of Jansen mine in Saskatchewan to US$8.4B
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.99/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19.95 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
TORONTO – Global mining giant BHP has raised the cost estimate for the first stage of its Jansen potash project in Saskatchewan again.
The first stage of the mine is now expected to cost US$8.4 billion following a review of its budget and schedule, the Australia-headquartered company said Tuesday.
The forecast is up from expectations in July 2025 for between US$7 billion and US$7.4 billion.
Jansen was initially estimated to cost US$5.7 billion when it was approved in August 2021.
“We remain positive about the progress at Jansen and in potash as a future facing commodity with strong long-term demand fundamentals driven by population growth, better diets, rising living standards and the need for more productive and sustainable use of arable land,” said Brandon Craig, president of BHP’s America’s division.
The latest cost increase was from construction hours and quantities of materials not included in earlier cost estimates, identified after the earlier budget review.
BHP says the first stage of the Jansen mine is 75 per cent complete and it continues to expect it to produce about 4.15 million tonnes of the widely used fertilizer per year.
First production at the mine is expected in mid-2027.
This report by The Canadian Press was first published Jan. 20, 2026.