The Board of Directors for BHP has approved the Jansen Potash Mine in Saskatchewan and will be moving ahead with the project.
The move marks the single largest economic investment ever made in Saskatchewan's history.
BHP will invest a total of $12 billion to complete the Jansen project.
To date, approximately $5 billion has been spent to construct the mine with an additional $7.5 billion in investment expected to complete the project.
The Jansen Mine project is expected to produce approximately 4.4 million tonnes of potash per year once complete with the opportunity to expand in the future.
Production is anticipated to begin in 2027
Saskatchewan accounts for approximately 30 per cent of global potash production with the sector employing an estimated 5,000 people.