BHP Group faces $1.7 billion cost overrun and delay at Jansen potash project in Canada, impacting plans to diversify amid global supply disruptions. First stage cost now estimated at $7-7.4 billion, with production postponed to mid-2027 and potential extension to second stage target by 2031 due to market dynamics.

Record copper output of 2.02 Mt in fiscal 2025, but BHP anticipates drop to 1.8-2.0 Mt in fiscal 2026 due to lower grades at Escondida mine in Chile. Iron ore production hits record high at 290 Mt in Western Australia, surpassing consensus estimates.

BHP explores potential divestment of Western Australia Nickel assets to address balance sheet impacts from the nickel business. Shares of the miner rise 2.8% to four-month peak of A$40.2, outperforming the mining sub-index. Analysts express concern over capex increase, despite strong operational performance in the quarter.

Read more at Yahoo Finance: BHP delays Jansen potash project as costs surge; logs record copper output