{"id":754695,"date":"2026-06-23T00:28:09","date_gmt":"2026-06-23T00:28:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/754695\/"},"modified":"2026-06-23T00:28:09","modified_gmt":"2026-06-23T00:28:09","slug":"projected-cost-for-phase-2-of-bhp-jansen-potash-mine-in-saskatchewan-rises-by-2b-us","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/754695\/","title":{"rendered":"Projected cost for Phase 2 of BHP Jansen potash mine in Saskatchewan rises by $2B US"},"content":{"rendered":"

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Global mining giant BHP says the second phase of its Jansen potash mine is expected to cost 40 per cent more than previously expected.<\/p>\n

The Australia-based company says it now estimates a price tag of $6.9 billion US, up from the $4.9 billion US it had anticipated when it was approved in 2023.<\/p>\n

BHP is expecting first production in late 2031, later than its original expected startup date of 2029, from the mine east of Saskatoon.<\/p>\n

It said the two-year extension, announced in August of last year, has allowed the mining company to review its cost and schedule estimates.<\/p>\n

BHP said that once Jansen Stage 2 ramps up, it expects it to have the lowest unit costs among Canadian miners of potash, a high-demand mineral used as a fertilizer.<\/p>\n

At the end of May, Jansen Stage 2 was 16 per cent complete, with engineering 83 per cent complete.<\/p>\n

“With the reset of Jansen Stage 2, we are progressing with our intention of building a Tier 1 asset,” said Brandon Craig, BHP’s president for Americas and CEO-elect.<\/p>\n

“The combined Jansen Stage 1 and 2 will be a low cost, long life asset with almost 60 year mine life and is expected to generate benefits for shareholders for decades. Once operational, Jansen will establish BHP as a leading player in the global potash industry.”<\/p>\n","protected":false},"excerpt":{"rendered":"Listen to this article Estimated 2 minutes The audio version of this article is generated by AI-based technology.…\n","protected":false},"author":2,"featured_media":754696,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-754695","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/754695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=754695"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/754695\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/754696"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=754695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=754695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=754695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}