Brief: BHP Group Increases Jansen Stage 2 Investment Estimate To $6.9 Billion

BHP

18/06/2026 08:25

June 18 (Reuters) - BHP Group Ltd BHP.AX:
JANSEN PROJECT UPDATE
COMPLETED A DETAILED REVIEW OF COST AND SCHEDULE ESTIMATES FOR STAGE 2 OF JANSEN POTASH
INCREASES JANSEN STAGE 2 INVESTMENT ESTIMATE TO $6.9 BILLION; FIRST PRODUCTION IN LATE FY2031
EXTENDS JANSEN STAGE 2 TIMELINE; FIRST PRODUCTION NOW FY2031
EXPECTS FY2027 GROUP CAPITAL EXPENDITURE GUIDANCE TO REMAIN AT $11 BILLION
EXPECTS TO RECOGNIZE $2.3 BILLION IMPAIRMENT CHARGE FOR JANSEN PROJECT
COMBINED OUTPUT FROM JANSEN IS EXPECTED TO BE 8.5MTPA
HIGHER FORECAST CAPITAL INTENSITY HAS REDUCED VALUE WE WOULD EXPECT A MARKET PARTICIPANT TO ATTRIBUTE TO JANSEN PROJECT

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