The world’s largest mining company has delayed its decision to move forward with a mining project in Jansen, Sask., nearly 150 kilometers east of Saskatoon.

BHP Billiton’s board of directors will not be approving the Jansen potash project in 2018, according to the Australia-based company’s yearly results.

“Board approval will be sought for the project only if it passes our strict capital allocation framework tests,” BHP wrote in a release.

The Jansen potash mine was projected to cost $12 billion US and BHP has already spent $2.6 million US on infrastructure for the project.

In the fiscal results report, the company said there is a possibility of bringing in a partner to finish the project in Jansen.

BHP reported an underlying profit of $6.7 billion US., below its expectations of $7.4 billion US.