# BHP to invest $4.9 bln in Jansen potash project in Canada

> BHP said it will invest $4.9 billion in stage two of its Jansen potash project in Canada. The investment aims to double the mine's capacity by the end of the decade. The company describes potash as one of its pillars of future growth.

- Date: 2023-10-31 · published 2023-10-31T12:00:00.000Z
- Category: market · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/33983-bhp-to-invest-4-9-bln-in-jansen-potash-project-in-canada
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Doubling Jansen capacity would add substantial potash supply later this decade, which is bearish for long-run prices. The near-term market impact is limited because the capacity is not yet online.

## Read by commodity

- POTASH: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/bhp-approves-49-bln-investment-stage-2-canadas-jansen-potash-project-2023-10-31/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.