Canada to invest C$100m to support BHP potash project in Saskatchewan

Mark Milam

30-Jan-2023

HOUSTON (ICIS)–The Canadian government has announced it is investing C$100m ($75.2m) through their Strategic Innovation Fund to support the development by BHP of its potash mine project in Jansen, Saskatchewan.

BHP anticipates the mine to be operational by 2026, with an initial yearly production capacity of 4.3m-4.5m tonnes, which would increase Canada’s production by nearly 22% and is expected to generate the lowest direct emissions of any potash mine in the world.

Officials said this financial commitment will help create a greener, more sustainable mining industry and give an economic boost to Saskatchewan by creating and maintaining 600 highly skilled jobs and over 100 co-op terms for students. It will also support Indigenous communities through employment and economic opportunities.

“The demand for potash will continue to grow due to a need to increase crop yields to feed a growing population. Canada has some of the best potash deposits in the world, along with a great skill base and strength in resource development. We know that being successful is not just about what you mine but also about how you mine, and we take this responsibility seriously,” said Ragnar Udd, BHP President Minerals Americas.

“Jansen Stage 1 is setting a new standard for potash, not just for Canada but around the globe. BHP is honoured to partner with the government, Indigenous peoples and the people of Saskatchewan to create a mine that will use the latest technology to deliver a productive, efficient and sustainable operation that will bring widespread benefits to the region, the people of Saskatchewan and BHP shareholders for decades to come.”

($1 = C$1.33)

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