The miner said that it expects higher capital investments in its Jansen project will cut into the value it can get from future growth. It expects total investment in the second stage of the project will rise to US$6.9 billion, up from original estimates of US$4.9 billion. (The Logic)

Talking point: It’s a financial setback in accessing what is potentially the world’s largest supply of potash, a key ingredient in enriching fertilizer. Stage two of the project alone was one of the world’s 10 largest foreign direct investment projects announced in 2023. The company still expects to recoup its money in about eight years, and expects the facility, about 140 kilometres east of Saskatoon, to be the lowest-unit-cost potash mine in the country. New York-listed shares of BHP had fallen about 2.5 per cent by Thursday afternoon.