Saskatchewan approves BHP potash project

20 July 2011 16:33  [Source: ICIS news]

HOUSTON (ICIS)--Mining major BHP Billiton (BHP) has received Saskatchewan Ministry of Environment approval for the development of the Jansen potash project, the Australia-based company said on Wednesday.

BHP submitted the Environmental Impact Statement (EIS) in December 2010. 

BHP expects that final approval to proceed with Jansen will be sought from the BHP board in the 2012 calendar year, the company said. 

The Jansen potash project is expected to employ an average of 1,900 people during construction and create approximately 1,000 operational jobs once the mine has reached full capacity, BHP said. 

BHP announced on 23 June that it had approved $488m (€346m) of further investment to support the development of Jansen in its feasibility study stage. 

Mine design and engineering will now be completed along with initial surface construction and the first 350 metres of shaft sinking.

Based on the current schedule, Jansen is expected to start producing saleable potash in 2015. 

The project is designed to produce approximately 8m tonnes/year of agricultural grade potash.

($1 = €0.71)

By: Frank Zaworski
+1 713 525 2653

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