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.

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