Daily Newsletter

06 November 2023

Daily Newsletter

06 November 2023

Fluor selected for BHP’s Jansen Stage II potash project in Canada

Fluor plans to manage the Jansen potash project through its offices in Calgary and Vancouver, Canada.

Archana Rani November 06 2023

BHP Canada has selected Fluor’s Mining & Metals business to develop stage two of the Jansen potash mine in Saskatchewan, Canada.

BHP recently agreed to invest $4.9bn (C$6.68bn) in the mine's second stage to double its potash production capacity to 8.5 million tonnes per annum (mtpa).

The second phase of the project involves the development of more mining districts, expansion of processing facilities, completion of second shaft hoist infrastructure to manage additional mining volumes and the addition of more rail cars.

Fluor Mining & Metals business president Tony Morgan said: “Fluor is excited to be selected to partner with BHP to deliver this sustainable programme that is critical for food security.

“This award is a testament to our track record of successfully delivering complex mega-projects, coupled with our expertise in fertiliser production and execution capability in western Canada.”

Fluor is planning to manage the potash project through its offices in Calgary and Vancouver, Canada.

BHP plans to begin production from the Jansen project in late 2026. The project is expected to produce 16–17mtpa in future stages.

Said to be essential in supporting eco-friendly agriculture, potash is used in fertilisers to support plant growth, increase crop yield and disease resistance, and improve water preservation.

Stage one of the Jansen project is currently 32% finished and moving forward as per its schedule. Production from this stage is due to commence in late 2026.

BHP CEO Mike Henry recently said: “We believe Jansen will deliver long-term value for shareholders and the local community and will position BHP as one of the leaders in the global potash industry.

“We are advancing our sustainability and economic development priorities for Jansen and we are pleased with the progress of our ongoing work with the governments of Canada and Saskatchewan, as well as local and indigenous communities on shared solutions.”

Neodymium is one of the fastest-growing product categories within the rare earth metals market

Within the rare earth metals market, cerium is projected to account for the largest volumetric share followed by lanthanum, neodymium, and others in 2023. The demand dynamics for neodymium is estimated to remain strong as the sales of electric vehicles continue to flourish across the globe. The product is deployed in the manufacturing of magnets including low and high performance and is an integral part of the modern-day technology assembly from automotive vehicles to fighter jets.

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