BHP has updated the cost and schedule estimates for Stage 2 of the Jansen potash project. The total investment estimate for Jansen Stage 2 increased from US$4.9 billion to US$6.9 billion, with first production now estimated for late FY2031. The cost increase is attributed to escalation, additional construction hours, and material quantities. Consequently, BHP expects to recognize an impairment charge of approximately US$2.3 billion related to its investment in the Jansen project. Despite these changes, the project is expected to deliver 4.36 million tonnes per annum, contributing to a combined Jansen output of 8.5 million tonnes per annum. Group capital expenditure guidance for FY2027 remains approximately US$11 billion. BHP is a diversified natural resources company operating in the mining and metals industry.
