BHP commits $6.4 billion to Jansen potash mine
BHP is cutting another big cheque to further develop the Jansen potash project east of Saskatoon.
The mining giant announced a $6.4-billion investment on Tuesday for the second stage of the project, which the company has said will be the world’s largest potash mine.
“This is an important milestone that underscores our confidence in potash and marks the next phase of the company’s growth in Canada,” CEO Mike Henry said in a release.
“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.”