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CAEconomy2 days ago

Cost of Jansen potash mine climbs again by more than $2B, BHP says

The estimated cost of phase two of BHP's Jansen potash mine in southeastern Saskatchewan has increased to US$6.9 billion (CA$9.7 billion), up from previous estimates of US$4.9 billion (CA$6.9 billion). The increase is attributed to additional construction costs related to labor and materials required to complete the second phase of the project. As of late May 2026, the project was reported to be 16% complete overall, with 83% of engineering work completed. The mine’s initial annual output is expected to remain at 4.36 million tonnes, increasing to 8.5 million tonnes per year after two years.

Posted June 18, 2026 5:17 pm

1 min read

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BHP moving ahead with Jansen potash mine in Saskatchewan

RELATED: BHP moving ahead with Jansen potash mine in Saskatchewan – Aug 18, 2021

The estimated cost of a major potash mine in southeastern Saskatchewan continues to grow, with the most recent figures pointing towards a total cost of US$6.9 billion, or CA$9.7 billion, for phase two of the Jansen project.

Previous reports said the cost would be US$4.9 billion (CA$6.9 billion), but the number rose following a detailed review of the project in Jansen, Sask., according to a news release shared by BHP Group.

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The root of the price jump worth billions of dollars was said to be additional construction costs, which include workers’ hours and materials, both of which were necessary to complete the second phase, the company said.

As of the end of last month, BHP said the project was “16 per cent complete with engineering at 83 per cent complete, de-risking the estimate for remaining work.”

The expected output of the potash mine remains unchanged at 4.36 million tonnes per year initially for two years. Then, it is projected to increase to 8.5 million tonnes per year, or 10 per cent of global potash production, the company said.

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“Once Jansen Stage 2 ramps up, we continue to expect that the combined Jansen mine will be the lowest unit cost Canadian potash mine,” BHP wrote in its release.

Costs for the first stage of the project also jumped in January, rising from US$7.4 billion to US$8.4 billion.

© 2026 Global News, a division of Corus Entertainment Inc.

Read the full article at Global News →
Source document: BHP Group News Release

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Global NewsParty-alignedCenter2 days ago
Cost of Jansen potash mine climbs again by more than $2B, BHP says

The estimated cost of phase two of BHP's Jansen potash mine in southeastern Saskatchewan has increased to US$6.9 billion (CA$9.7 billion), up from previous estimates of US$4.9 billion (CA$6.9 billion). The increase is attributed to additional construction costs related to labor and materials required to complete the second phase of the project. As of late May 2026, the project was reported to be 16% complete overall, with 83% of engineering work completed. The mine’s initial annual output is expected to remain at 4.36 million tonnes, increasing to 8.5 million tonnes per year after two years.

Bias read (Center): The article presents factual updates regarding the rising costs of the Jansen potash mine without apparent ideological framing. It provides details on the reasons for the cost increase and includes specific figures and progress metrics from BHP Group. There is no discernible bias in the language or

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