BHP Approves $6.4 Billion for Expansion of Jansen Potash Project in Saskatchewan
BHP, a global mining company, has given the green light for the second stage of the Jansen potash project in Saskatchewan. The expansion will involve an investment of $6.4 billion and will contribute to the growth of mining and processing facilities in the region.
Simon Thomas, BHP’s vice-president of potash, expressed plans to extend the mining underground through various enhancements. These include acquiring additional equipment, upgrading hoist facilities, increasing mill and processing capacity, and improving rail freight infrastructure.
According to Thomas, the approval for Jansen Stage 1 was granted in 2021, and there is potential for four stages in total for the Jansen project.
“We’re pleased to say that the project has progressed to over 32 percent completion,” Thomas stated. He emphasized that this new stage of development will enable BHP to increase its production capacity.
Thomas also highlighted that approximately 80 percent of the company’s expenditure for these developments will go towards Canadian-based suppliers, contractors, and workforce resources. He expressed optimism that this investment will contribute to the growth of surrounding communities.
The completion of Jansen Stage 2 is expected by 2029, and BHP aims to build a workforce of about 900 individuals to support various aspects of the Jansen mine. Thomas emphasized the company’s commitment to maintaining a balanced workforce, with women representing 40 percent and First Nations people representing 10 percent of their workforce. BHP is actively working to increase First Nations representation to over 20 percent.
Jason Aebig, CEO of the Greater Saskatoon Chamber of Commerce, recognized the significance of this news for communities like Humboldt and Saskatoon. He emphasized the positive impact of job creation and economic activity brought by the expansion of the Jansen potash project. Aebig highlighted that the project’s long-term nature ensures stability and growth for surrounding communities.
“When you think about the ripple effect of those jobs on cities like ours, it’s actually remarkable,” Aebig stated. He emphasized that the project’s permanence provides sustained benefits to the housing, construction, retail, and hospitality sectors.
Saskatoon Mayor Charlie Clark expressed confidence in the city’s future, thanks to this announcement. He acknowledged that the management of the Jansen mine will bring new employment opportunities and talent to Saskatoon. Clark highlighted the long-term opportunities and positive prospects associated with this project.
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