Category: Markets
Published: 2026-06-22T16:42:01.000Z
BHP's share price fell significantly after the estimated costs for its Jansen Stage 2 potash project increased to US$6.9 billion. This surge in capital expenditure, coupled with a US$2.3 billion impairment, has led investors to price in further spending and potentially weaker returns, causing a substantial loss in equity value for the company. The market is assessing whether BHP can maintain its capital discipline and project returns given the increased investment.
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