TSXV:AXE - Post Discussion
Post by
Whampoa on Mar 07, 2024 12:49pm
BHP Jensen recent news, massive baby steps
https://www.mining-technology.com/news/bhp-signs-potash-sales/ Australian mining giant BHP Group has entered non-binding agreements to sell the entire output from its Jansen potash project in Saskatchewan, Canada, Reuters reported.
The company aims to convert these sales agreements into binding offtake contracts over the next 12–18 months, signalling a strategic move into the global fertiliser market.
BHP chief commercial officer Ragnar Udd explained that the company’s focus is on ramping up production at the Jansen mine, with an expected start date in late 2026.
The initial phase will see an annual production of 4.35 million tonnes (mt), with a second phase increasing the capacity to 8.5mt per year.
This expansion is set to increase the global potash supply by approximately 10%. The strategy for selling potash involves partnering with distributors, as opposed to direct sales to resellers.
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