13 Jun BHP’s Jansen potash mine to be ‘cleanest and most sustainable in world’
Canada will today announce a multi-million dollar investment in BHP’s Jansen potash project which will enable it to become ‘the cleanest and most sustainable in the world’, according to a government source.
The investment will support BHP’s ambition to electrify its fleet of vehicles and equipment at the mega project, which is located in the world’s premier potash region Saskatchewan.
Canada’s Prime Minister Justin Trudeau has been spearheading the government’s charge towards net zero carbon emissions by 2050, via several investments in clean energy projects, including plants for producing electric vehicle batteries and battery materials.
Industry Minister François-Philippe Champagne and Agriculture Minister Marie-Claude Bibeau are scheduled to make an announcement later today on ‘moving toward the net-zero emission economy’ in Saskatoon.
BHP – the world’s biggest listed mining company – announced last month that it would accelerate the development of the US$5.7 billion Jansen project by one year following the tightening of global fertiliser supplies due to Russia’s invasion of Ukraine.
Potash prices, a key input used in nitrogen fertilisers, have soared since Western sanctions were imposed against Russia and Belarus, which are the world’s second and third largest producers of the crop nutrient, while Canada is the leading producer.
“We’re looking to do anything we can do to support a commodity in short supply because of the war,” the Canadian government source said.
Jansen is expected to produce around 4.2 million tonnes a year of potash during its first phase, which will come online in 2026.