Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. BHP Group
  6. News
  7. Summary
    BHP   AU000000BHP4

BHP GROUP

(BHP)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BHP Says Memorandums of Understanding in Place With Importers for Jansen Output

09/14/2021 | 04:55pm EDT

By David Winning

SYDNEY--BHP Group Ltd., the world's largest mining company, said it has non-binding memorandums of understanding with major importers for up to 100% of future production from its Jansen project in Canada's Saskatchewan province.

BHP last month approved the first phase of the Jansen project, which is estimated to cost $5.7 billion to build. Potash is one of three major fertilizer ingredients, alongside nitrogen and phosphate, and BHP thinks mining at Jansen could last about 100 years.

BHP outlined its marketing strategy for Jansen's potash as part of a presentation on the project to investors on Wednesday. BHP said its enlarged marketing team will have more than five years to build relationships and secure binding sales.

The strategy aims to "replicate tried and tested model of marketing directly to major customers via regional offices leveraging BHP's broader commercial resources," the company said in the presentation materials.

BHP said markets for Jansen's potash could include the U.S., Brazil, India, and China. Potash is seen by farmers as an attractive resource because it tends to boost yields, aid in drought tolerance and improve crop quality.

BHP has wanted to be in the potash trade for some time. A decade ago, it unsuccessfully bid $38.6 billion for Potash Corp. of Saskatchewan, which in 2018 merged with Agrium Inc. to form Nutrien Ltd.

Write to David Winning at david.winning@wsj.com

(END) Dow Jones Newswires

09-14-21 1855ET

Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP 2.80% 38.86 End-of-day quote.-8.41%
DJ INDUSTRIAL 1.09% 35294.76 Delayed Quote.12.32%
EURO / BRAZILIAN REAL (EUR/BRL) -1.10% 6.3297 Delayed Quote.0.87%
NUTRIEN LTD. -0.46% 88.24 Delayed Quote.44.09%
WTI 1.09% 82.468 Delayed Quote.67.58%
All news about BHP GROUP
10/15RIO TINTO : Aboriginal group hopes for national standards in Juukan inquiry
RE
10/15Australian shares close near 3-week high; BHP up nearly 3%
RE
10/15Australian Shares Climb as Banks Report Strong Earnings, US Jobless Claims Fall
MT
10/15BHP : Gets Investor Support on Climate Change Roadmap
MT
10/15BHP : Seeks Direct Engagement With Native American Tribe Near Copper Project In US
MT
10/14Australian shares rise on mining, energy boost; Rio Tinto slips
RE
10/14BHP : Speeches
PU
10/14BHP : ANNUAL GENERAL MEETING SPEECHES - Form 6-K
PU
10/14South African rand pauses after strong gains; stocks rise
RE
10/14BHP : Signs MoU With POSCO To Work On Emissions Reduction Technologies
MT
More news
Analyst Recommendations on BHP GROUP
More recommendations
Financials (USD)
Sales 2022 63 012 M - -
Net income 2022 19 009 M - -
Net Debt 2022 7 580 M - -
P/E ratio 2022 7,07x
Yield 2022 10,5%
Capitalization 143 B 143 B -
EV / Sales 2022 2,39x
EV / Sales 2023 2,73x
Nbr of Employees 40 110
Free-Float 58,2%
Chart BHP GROUP
Duration : Period :
BHP Group Technical Analysis Chart | BHP | AU000000BHP4 | MarketScreener
Technical analysis trends BHP GROUP
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 28,84 $
Average target price 33,63 $
Spread / Average Target 16,6%
EPS Revisions
Managers and Directors
Mike Henry CEO, Non-Independent Executive Director
David Mark Lamont Chief Financial Officer
John Kenneth Norman MacKenzie Chairman
Laura Tyler Chief Technical Officer
Malcolm William Broomhead Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
BHP GROUP-8.41%142 916
RIO TINTO PLC-7.90%113 888
GLENCORE PLC67.62%70 763
ANGLO AMERICAN PLC20.11%49 163
GRUPO MÉXICO, S.A.B. DE C.V.11.45%35 695
SAUDI ARABIAN MINING COMPANY (MA'ADEN)119.26%29 133