BHP Group falls on cost overrun at Jansen potash project, $2.3 billion impairment charge
19/06/2026 03:10
BUZZ-BHP Group falls on cost overrun at Jansen potash project, $2.3 billion impairment charge ** Shares of BHP Group BHP.AX fall as much as 4% to A$62.440, set for their worst trading session since March 9, if losses hold
** Stock hits its lowest level since June 12
** After market on Thursday, the mining giant raised its investment estimate for Jansen Stage 2 in Canada to $6.9 billion from $4.9 billion
** BHP expects first production from the potash project in late fiscal 2031
** Miner to recognise impairment charge of about $2.3 billion for the project
** BHP stock down 0.5% so far this week, up over 37% YTD
(Reporting by Rajasik Mukherjee in Bengaluru)
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BHP Group falls on cost overrun at Jansen potash project, $2.3 billion impairment charge