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BHP investors worry about returns on potash after ‘shock’ cost blowout

Peter Ker

BHP investors have warned the world’s biggest miner that returns on its $US10 billion push into Canadian potash are becoming unattractive after delays and a blowout in costs.

BHP chief executive Mike Henry’s claim to be the industry’s best operator was dented by Friday’s news that the first stage of the Jansen potash mine would cost 30 per cent more than expected and be delivered a year late.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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    Original URL: https://www.afr.com/companies/mining/bhp-investors-worry-about-returns-on-potash-after-shock-cost-blowout-20250718-p5mfw0