BHP's Fertilizer Boss Bets on Low-Cost Potash to Challenge Rivals [Financial Post (Toronto, Ontario, Canada)]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — BHP Group expects its $10.6 billion potash mine in Canada to make money even with weakened fertilizer prices, says the head of the project. Jansen mine is expected to produce potash at costs that are less than the top Canadian operations of fertilizer giants Nutrien Ltd. and Mosaic Co., according to BHP's Karina Gistelinck. She said the massive size of the operation and BHP's heavy investment in automation are key to keeping costs down to be more competitive than other mines in Canada, the world's top supplier. “The strategy is to be the most cost-effective mine possible,” she said in an interview. “Even with depressed prices, we'll be profitable.” BHP remains optimistic on Jansen even though potash prices have tumbled more than 60% from highs seen two years ago. Prices soared in early 2022 after sanctions on Belarus and Russia's war in Ukraine
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BHP
Analyst Actions
- 9/16/24 - Sanford C. Bernstein
BHP
Sec Filings
- 9/20/24 - Form 6-K
- 9/16/24 - Form 6-K
- 8/30/24 - Form 20-F
- BHP's page on the SEC website