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
2 months 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.
2 months ago
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