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Canada to invest millions to cut emissions at BHP potash mine -source -Breaking


© Reuters. FILE PHOTO – Visitors to BHP’s (previously BHP Billiton) booth talk with representatives at the Prospectors and Developers Association of Canada’s (PDAC), annual convention, Toronto (Ontario, Canada, March 4, 2019). REUTERS/Chris Helgren/FilePH

Steve Scherer

OTTAWA (Reuters), -Canada will announce a multimillion dollar investment on Monday for Jansen potash mine, run by BHP Group (NYSE). This multinational miner is “the most environmentally-friendly and sustainable mine in the world,” a source within the government said Sunday.

Industry Minister François-Philippe Champagne and Agriculture Minister Marie-Claude Bibeau are scheduled to make an announcement on “moving toward the net-zero emission economy” in Saskatoon, Saskatchewan, on Monday at 10:00 a.m. central time (1500 GMT).

According to the source, the amount invested by the federal government in BHP’s Jansen mining operation (about 150 km east of Saskatoon) was not disclosed.

According to a source familiar with the matter, the investment will enable BHP to use electrical vehicles and equipment for the operation of the mine.

The government of Prime Minister Justin Trudeau is investing heavily in clean technology projects. This includes plants that produce electric vehicles batteries and other battery materials.

BHP, an Anglo-Australian mining company, said that it might accelerate Jansen Potash’s Canadian project by one year because of Russia’s invasion in Ukraine.

Since the imposition of Western sanctions against Russia, potash prices have skyrocketed.

Russia and Belarus are also under sanctions and the second and third largest producers, respectively, of crop nutrients. Canada, however, is No. 1 producer.

The government source stated that they are willing to help a commodity which is currently in shortage because of war.

BHP refused to respond when BHP was contacted.