BHP Shares Slide After Major Cost Overrun and Multibillion-Dollar Write-Down at Jansen
BHP shares fell sharply after the miner disclosed a substantial cost increase for the Stage 2 expansion of its Jansen potash project in Saskatchewan, and flagged an expected impairment charge to be recorded in fiscal 2026. The company said the Stage 2 budget rose from $4.9 billion, approved at sanction in October 2023, to US$6.9 billion. Management…