BHP says the estimated cost of the second phase of its Jansen potash mine in south Saskatchewan increases again, prompting a major write-down. In a company release, BHP reports that stage-two costs are expected to rise by more than US$2 billion to about US$6.9 billion. As a result of the updated cost outlook, BHP plans to record a writedown of roughly $2.3 billion related to the project. The cost increase reflects higher expected spending during the next phase of development for the mine, which is intended to expand production at the Jansen project. The reports from multiple Canadian outlets draw on BHP’s announcement, describing the same revised cost estimate and the associated accounting impact. The information is presented as forward-looking guidance from the company, tied to its assessment of project costs for the second phase. No details on funding, revised timelines, or operational changes are included in the excerpts provided.
BHP books $2.3B writedown as Jansen potash project stage-two costs rise by US$2B
BHP says the estimated cost of the second phase of its Jansen potash mine in south Saskatchewan increases again, prompting a major write-down. In a company release, BHP reports that stage-two costs ar...
- BHP reports that stage-two (phase two) costs for the Jansen potash mine rise by more than US$2 billion.
- The revised estimated stage-two cost is about US$6.9 billion.
- BHP plans to record a writedown of about $2.3 billion tied to the project.
- The updates relate to BHP’s Jansen potash project in south Saskatchewan, Canada.
- All accounts are based on BHP’s published release.
Costs for second phase of Saskatchewan mine project expected to jump by US$2-billion to US$6.9-billion
1 day agoThe price for phase two of the BHP's Jansen mine in south Saskatchewan has risen once again, this time by more than US$2 billion, according to a news release from BHP.
1 day ago
Edinburgh Airport evacuated as police bomb squad responds to suspicious package
Edinburgh Airport is evacuated and flights are disrupted after police respond to reports of a “potentially suspicious pa...
Tropical Storm Arthur’s remnants bring heavy rain, flooding, and tornado warnings to U.S. Gulf
Tropical Storm Arthur has weakened, but its remnants continue to affect parts of the southeastern United States, particu...
Bedford train collision: two East Midlands Railway services involved, casualties reported
Two trains operated by East Midlands Railway (EMR) collide near Bedford, prompting an emergency response and significant...