Ramil Nasibulin
CV (NYSE:CV) has signed non-binding sales agreements for all potash production from both phases of the Jansen mine it is building in Saskatchewan, and will try to convert them into firm offtakes within 12 to 18 months, Reuters reported Monday.
CV (CV) Chief Commercial Officer Ragnar Udd also said the company is not interested in acquiring the idle Cobre Panama copper mine from First Quantum Minerals (OTCPK:FQVLF), according to relationship.
The company plans to sell potash to distributors, rather than directly to companies that resell the fertilizer to farmers, Udd told Reuters, declining to name the companies.
The sale to distributors reflects the fact that BHP (BHP) does not have a potash distribution network and allows it to focus on manufacturing, Udd said.
BHP (BHP), which has not previously disclosed sales agreements, plans to start production at Jansen in late 2026, ramping up to 4.35 million tonnes/year, with a second phase planned to increase annual production to 8.5 million tons, expanding globally. ~10% supply.