UBS on Potash:BHP - Jansen: How is the project progressing? Overrecent years, BHP has pivoted towards growth, organically (capex to lift fromUS $7bn in FY23 to ~$11bn pa from FY26) and through M&A (OZ, Anglo). Theorganic growth is focused on potash, with US $11bn to be spent at Jansen and oncopper with ~$10bn expected to be spent at Escondida (note),a further ~$10bn at Olympic Dam, and a further ~$5bn likely at Josemaria/Filoin Argentina (50%). We note however that BHP will not deliver higher coppervolumes until the 2030s and the returns from Jansen are set to be muted due tolow potash prices. As a result, we continue to see potential for BHP to look togrow inorganically (eg Anglo) over the next few years. Source: UBS.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$36.21 |
Change
0.080(0.22%) |
Mkt cap ! $183.8B | |||
| Open | High | Low | Value | Volume |
| $36.33 | $36.35 | $35.88 | $985.0M | 26.94M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 236 | $36.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.22 | 56274 | 3 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| BHP (ASX) Chart |