BHP's Jansen Potash Project Swells to $6.9 Billion as Impairment Signals Reality Check

BHP took a $2.3 billion non-cash write-down on Jansen, its Saskatchewan potash expansion, as total costs hit $6.9 billion. Labour shortages, post-pandemic inflation, and mining complexity drove overruns. Potash prices—now $300–$350 per tonne—have collapsed from 2022's $900 peak, gutting the project's projected returns.