BHP says Jansen potash mine ‘remains attractive option’

BHP says Jansen potash mine ‘remains attractive option’

BHP on Tuesday admitted to institutional investors it “overinvested” in its Jansen potash project in Saskatchewan where the Anglo-Australian giant has already spent $2.7B over nearly six years.

At a BofA Merrill Lynch mining and metals conference held in Barcelona, CEO Andrew Mackenzie said the company’s “thinking around the project’s initial scope has evolved”:

“However, Jansen remains an attractive option for BHP given its strategic fit, risk-return metrics and the longer-term optionality the initial investment would create.”

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