Business
BHP Flags $2.3 Billion Potash Write-Down as Costs Rise
BHP Group said it expects to write down the value of its giant potash project in Canada by roughly $2.3 billion, as it announced another cost overrun on a mine that is set to become one of the biggest sources of the fertilizer ingredient globally.
The company said Thursday that it now expects an expansion of the Jansen project in Canada’s Saskatchewan province to cost $6.9 billion, up from an estimate of $4.9 billion when it approved the second-stage development in 2023.
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