BHP invests in Phase 2 of the Jansen Potash Mine

Nov 01, 2023

It's official B-H-P has approved $6.4 billion dollars in funding for the second phase of its new potash mine development at Jansen, Saskatchewan.

In a press release on Tuesday, BHP Chief Executive Officer, Mike Henry says this is an important milestone that underscores our confidence in potash and marks the next phase of the company’s growth in Canada.

"We believe Jansen will deliver long-term value for shareholders and the local community and will position BHP as one of the leaders in the global potash industry."

BHP noted that potash, which is used in fertilizers, will be essential for food security and more sustainable farming.

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