JANSEN 鈥� BHP is expecting its board of directors to make a final decision on its Jansen Potash project by February 2021.
The date was announced in the company鈥檚 quarterly operational review released on Oct. 17.
鈥淚n order to make a final investment decision, work on engineering to support project planning and on finalizing the port solution is required, and the Board has approved US$144 million for these activities,鈥� said the report.
鈥淎n additional US$201 million in funding was approved to further derisk the project, focusing on the mine鈥檚 scope of work, advancing other engineering and procurement activities, and preparation works for underground infrastructure.鈥�
The review also said that the company鈥檚 US$2.7 billion investment to finish the excavation and lining of the production and service shafts, as well as to continue the installation of essential surface infrastructure and utilities is 84 per cent complete, with the preparation work for the final shaft lining continuing.
