BHP's Big Potash Project Shaping Up -- Market Talk

Dow Jones06-05 11:48

0348 GMT - Satellite images show significant progress at BHP's Jansen potash project over the past year, UBS says in a note to clients. The storage areas and processing plant appear to be largely complete, it says. Progress on the second-stage expansion appears limited, with only the foundations for the second processing plant visible, the bank says. "Whilst the delayed and more expensive build has been frustrating for shareholders, we continue to see Jansen as a tier-1 asset with first-quartile cost position and long life with attractive economics," UBS says. It has a neutral rating and A$60.00 target on the stock. BHP is down 2.2% at A$61.44. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

June 04, 2026 23:48 ET (03:48 GMT)

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Progress on the second-stage expansion appears limited, with only the foundations for the second processing plant visible, the bank says. \"Whilst the delayed and more expensive build has been frustrating for shareholders, we continue to see Jansen as a tier-1 asset with first-quartile cost position and long life with attractive economics,\" UBS says. It has a neutral rating and A$60.00 target on the stock. BHP is down 2.2% at A$61.44. 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The storage areas and processing plant appear to be largely complete, it says. Progress on the second-stage expansion appears limited, with only the foundations for the second processing plant visible, the bank says. \"Whilst the delayed and more expensive build has been frustrating for shareholders, we continue to see Jansen as a tier-1 asset with first-quartile cost position and long life with attractive economics,\" UBS says. It has a neutral rating and A$60.00 target on the stock. BHP is down 2.2% at A$61.44. 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