BHP has increased its total investment estimate for stage two of the Jansen potash project in Canada to $6.9bn following a detailed review of cost and schedule forecasts. The company now expects first production from this stage to commence late in financial year 2031, two years later than previously planned. BHP attributed most of the increase to additional construction hours, higher material quantities and cost escalation. The company also expects to recognise an impairment charge of roughly $2.3bn in its 2026 financial results. Jansen stage one remains on track for first production by mid-calendar year 2027.
BHP Group LimitedBHP raised cost estimate for Jansen stage two to $6.9bn and expects a $2.3bn impairment charge in FY2026.