BHP expects to begin mining potash, pictured here, at the Jansen mine in Saskatchewan in mid-2027.Liam Richards/The Canadian Press
Mining company BHP Group Ltd. BHPLF has raised the cost estimate for the first stage of its Jansen potash project in Saskatchewan again.
The company says the first stage of the project is now expected to cost US$8.4-billion following a review of its budget and schedule.
The forecast is up from expectations in July, 2025, for between US$7-billion and US$7.4-billion.
The project was expected to cost US$5.7-billion when it was approved in August, 2021.
BHP says the first stage of the Jansen mine is 75 per cent complete and it continues to expect it to produce about 4.15 million tonnes per year.
First production at the mine is expected in mid-2027.