BHP has announced in its 3Q19 operational review that the Jansen Stage 1 potash project in Canada will be presented to the company's Board for a final investment decision (FID) by
February 2021. In order to make a FID, work on engineering to support project planning and on
finalising the port solution is required, and the Board has approved US$144 million for these activities.
US$201 million in funding was approved to further derisk the project, focussing on the mine’s scope of work,
advancing other engineering and procurement activities, and preparation works for underground infrastructure. This
will enable an efficient transition of the project team between the study and execution phase, should the project be
approved. The release of funding to the project will be staged over this period.
Read the article online at: https://www.worldfertilizer.com/potash/21102019/fid-for-bhps-jansen-potash-project-expected-in-2021/
The offtake agreement is for 500 000 tpy of potash, while the marketing agreement is to sell Brazil Potash's remaining 1.9 million tpy of potash. The barge transportation agreement is to ship the initial planned 2.4 million tpy of potash of production to inland ports within Brazil.