BHP Billiton Invest On Jansen Potash project production

BHP Billiton invests $2.6 billion in Jansen Potash project

6:08 AM, 21st August 2013
BHP Billiton Business Expansion News in Potash Industry

MELBOURNE, AUSTRALIA: BHP Billiton is investing $2.6 billion to finish the excavation and lining of the Jansen Potash project production and service shafts, and to continue the installation of essential surface infrastructure and utilities. This investment will be spread over a number of years, with completion of both shafts expected during 2016, while the associated works programme will extend into 2017.

Jansen is the world’s best undeveloped potash resource and is capable of supporting a mine with annual capacity of ten million tonne for more than 50 years. With economies of scale and the use of modern mining techniques, Jansen is likely to be one of the lowest cost sources of supply once fully developed. The successful excavation and lining of both shafts will substantially reduce development risk and allow the company to time first production to meet growth in market demand.

“Annual investment at Jansen of approximately $800 million will form an important part of the Group’s capital and exploration budget, which will decline to approximately $16 billion this year. Continued development of the shafts reflects our confidence in the quality of our 5.3 billion tonne measured resource and the compelling long term fundamentals of the potash industry,” said Andrew Mackenzie, CEO, BHP Billiton.

© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Sibur starts operation at TPE plant in Voronezh, Russia

VORONEZH, RUSSIA: Sibur has launched production of styrene-butadiene thermoplastic elastomers (TPE) at its Voronezh facility, Russia. The production f ...

Read more
BHS Specialty Chemicals acquires US-based cleaning chemicals firm

NAMPA, US: BHS Specialty Chemicals, a specialty chemical manufacturer and distributor focused on food safety and water treatment solutions, has acquir ...

Read more
Monsanto expands vegetable seed research in Woodland, US

ST LOUIS, US: Monsanto Company has completed a $31 million expansion at its vegetable seed research headquarters in Woodland, California, US. The expa ...

Read more
IMCD acquires speciality plastics distributor in Singapore

ROTTERDAM, THE NETHERLANDS: IMCD Group BV has acquired Singapore-based Paceco Industrial Supplies Pte Ltd, a reputable distributor for engineering and ...

Read more
Lubrizol opens additives manufacturing facility in China

CLEVELAND, US: The Lubrizol Corporation has opened a world-class additives manufacturing facility in Zhuhai, Guangdong, China. The plant is the latest ...

Read more
Rentech closes sale of Natchez, Mississippi site

LOS ANGELES, US: Rentech Inc has closed the sale of approximately 450 acres in Natchez, Mississippi to Adams County, Mississippi for proceeds of ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X