New Potash Mine Opening Delayed

New potash mine opening delayed

BHP Group Ltd. of Australia said its Jansen potash mine 150 killometres east of Saskatoon is running 30 per cent over budget and its opening will be delayed about six months to mid-2027.

Leading broker has just downgraded BHP shares. Is it time to sell?

BHP Group Ltd (ASX: BHP) is a mining giant. The company is a major producer of iron ore and metallurgical coal, both of which are key to steel production. It also claims to hold the world's largest copper resource base – a critical metal for industrial use as well as the accelerating global energy transition. Finally, it owns nickel assets in Western Australia and is progressing toward production of a significant potash project in Canada – a min…