Name of the Project
Jansen potash project.

Location
The project is located about 140 km east of Saskatoon, in Saskatchewan, in Canada.

Project Owner/s
BHP.

Project Description
The Jansen potash project has an estimated measured resource of 5.17-billion tonnes and an inferred resource of 1.27-billion, both grading at 25.7% potassium oxide, 7.1% insolubles and 0.07% magnesium oxide.

The project is being designed to produce about eight-million tonnes a year of agricultural-grade potash in three phases. The project has an estimated 70-year life-of-mine.

The current scope of work involves the completion of the excavation, and lining of the production and service shafts, as well as the continuance of the installation of essential surface infrastructure and utilities.

Capital Expenditure
Completing excavation, lining the production and service shafts, as well as installing essential surface infrastructure and utilities, were initially estimated at $2.7-billion.

The revised budget for the current scope of work is now US$3-billion.

The forecast capital cost for the execution of Jansen Stage 1, however, remains unchanged at between $5.3-billion and $5.7-billion.

Planned Start/End Date
The Jansen Stage 1 potash project will be presented to the BHP board for a final investment decision by the middle of next year.

The company previously planned to present the project to its board in February 2021, but delays pertaining to the completion of shafts have delayed this date by a few months.

The delays are a result of initial challenges regarding the placement of the shaft lining, which have since been rectified. The group’s Covid-19 response plan also impacted on work during the June quarter.

Latest Developments
The project is 86% complete.

Key Contracts, Suppliers and Consultants
DMC Mining Services (development of two new mine shafts); and SNC-Lavalin (feasibility study for Jansen Phase 1, as well as engineering, procurement and construction management services for Phase 1).

Contact Details for Project Information
BHP, tel +61 3 9609 3333.