Overview
- BHP set a new Stage 1 budget of US$8.4 billion for the Jansen potash project, up from US$5.7 billion approved in 2021.
- The company said most of the increase reflects additional construction hours and material quantities identified in a comprehensive review.
- Jansen remains on track to start production in mid‑2027, according to CEO Mike Henry.
- West Australian Iron Ore achieved record first‑half output of nearly 68 million tonnes, up 5% on the prior comparable period.
- BHP raised current‑year production guidance for Group copper, Escondida and Antamina, while shares fell about 1.3% in early trade to $48.12.