BHP Takes $2.3 Billion Charge as Jansen Potash Costs Hit $6.9 Billion

BHP Group wrote down $2.3 billion on its Jansen potash project in Saskatchewan, revising the expansion cost to $6.9 billion. The non-cash impairment reflects years of overruns—labour shortages, post-pandemic materials inflation, and the technical complexity of deep potash mining have eroded the project's return profile. With potash prices lingering at $300-$350 per tonne rather than 2022's $900 peaks, the project's economics have deteriorated sharply.