The penalties announced on Monday target state-owned Belaruskali, which controls about a fifth of the global market for the crop nutrient.

The diversified miner reported pre-tax profits of $10.1 billion for the six months to June, more than double what it made in 2020 as a whole.

The top-five western diversified miners may have earned a combined $85 billion for the first half of the year, according to analyst estimates, more than double the level from a year ago.

MINING.COM’s ranking of the world’s 50 most valuable mining stocks marched to a new high of $1.47 trillion at the end of the second quarter.

Jansen is expected to give BHP exposure to a market driven by rising global food demand and represents one of its few major growth prospects.