BHP Financial report gives Jansen project update
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BHP has issued an update on the Jansen Potash Project in their year-end financial report from the year ending June 30, 2026.
The report stated that Phase 1 of the Jansen project was 84 per cent complete as of the end of June. It added that during the fiscal year, the project progressed underground and surface construction activities, including structural, mechanical, and electrical works across key facilities.
BHP completed a review of Jansen Stage 1 (JS1) earlier in the year, and cost estimates increased to $8.4 billion US, including contingencies, from a preliminary estimate of $7 billion to $7.4 billion US announced in July of 2025. According to BHP, the increase reflected “inflationary and real cost escalation pressures, design development, scope changes, and lower productivity outcomes.”
The company said they have implemented a plan to address cost and schedule risks for JS1 that has improved productivity, enhanced oversight on execution contracts, and strengthened project management.
