BHP had said in June that it was reviewing two port options for the project.
The agreement is subject to approval by the Board of BHP and execution by BHP, after which the agreement would still be conditional on BHP making a final investment decision on Stage 1 of the Jansen Project. These decisions are entirely within the discretion of BHP.
If the Jansen Project does proceed, the agreement requires Westshore to handle potash for BHP for a term to 2051, subject to extension. It also requires Westshore to construct the necessary infrastructure to handle potash at Westshore’s Roberts Bank Terminal by 2026, with BHP funding the construction.
If BHP announces a final decision to proceed with the Jansen Stage 1 Project, the BHP-Westshore agreement will become binding on BHP, at which time Westshore will provide further details concerning the agreement.
Read the article online at: https://www.worldfertilizer.com/project-news/23072021/westshore-terminals-to-provide-port-services-to-jansen-potash-project/
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