We will know within the next two months whether BHP’s Jansen potash mine project is a go or a no-go. The mine is one of two major projects that the company has under development in Canada; the other in petroleum.
The potash project is 100 per cent owned by BHP and is 93 per cent completed. Ongoing investment is needed to finish the excavation and lining of the production and service shafts, and to continue the installation of essential surface infrastructure and utilities.

Last August, BHP expected to present the Jansen Stage 1 potash project to the Board for a Final Investment Decision in the middle of the 2021 calendar year.
At the time, the forecast capital cost for Stage 1 was between $5.3 and $5.7 billion however some additional costs were expected to be incurred on the U.S. $2.7 billion shaft project in execution at the time, as a result of delays. That was under review. Last August, the project was 86 per cent complete.

The mine is near Humboldt. The company has said in the past that they are taking their time with the Jansen operation as it competes for internal resources in a company that also deals in iron ore, copper, coal and petroleum.