BHP Group has delayed its Jansen Stage 2 potash project in Canada, with first production now expected in the 2031 financial year due to higher costs and additional labour hours. The cost overrun and schedule revision mark a further setback for the project, raising concerns about execution risk as BHP diversifies beyond its core copper and iron ore operations. The incoming CEO Brandon Craig's reshaped executive team will be tasked with tightening project delivery and cost discipline. Analysts had previously forecast BHP's revenue could reach US$61.8 billion and earnings US$16.9 billion by 2029, but the latest news may prompt a reassessment of those expectations.
BHP Group LimitedBHP delays and reprices Jansen Stage 2 potash project, raising costs and pushing first production to 2031, prompting reassessment of revenue and earnings forecasts.