FID for BHP's Jansen potash project expected in 2021

Published by Nicholas Woodroof, Editor
World Fertilizer, Monday, 21 October 2019 10:00

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.

An additional 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/project-news/21102019/fid-for-bhps-jansen-potash-project-expected-in-2021/

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