Canada will announce a multi-million dollar investment to make the Jansen potash mine the cleanest and most sustainable in the world.

The world’s largest fertilizer company will ramp up potash production capability to 18 million tonnes by 2025, a 40% increase compared to 2020.

Focus is to establish the team that will drive the growth plan as production capacity is targeted toward 4 million tonnes per year, doubling the current output of the operation.

Mike Henry said the miner may accelerate its potash project in Canada by a year.

Fertilizer prices have soared to all-time highs as Russia’s invasion of Ukraine and sanctions on Belarus threw a massive chunk of the world’s supplies into disarray.

Increased prices for fossil fuels have shifted the conversation, potentially benefitting oil and gas projects in Africa as importers scramble to diversify supply chains away from Russia.

The world’s biggest mining company sees nickel as one of three “future-facing commodities” -- along with copper and potash.