Sales for 3Q19 were US$1325 million compared to US$1371 million for 3Q18. The potash division's sales decreased by 8% in 3Q19, while operating income increased by 6% compared to 3Q18.
The Environmental Review Document comprises a thorough understanding of the environmental setting in the Project area, developed through detailed flora and fauna surveys and studies.
At 30 September 2019, the company had cash of CAN$8.2 million, a positive working capital of CAN$7.8 million and no debt.
Delegates at CRU’s Sulphur & Sulphuric Acid Conference 2019 are gathering in Houston from 5 – 7 November 2019 to discuss the latest industry developments.
Western Potash Corp., a wholly-owned subsidiary of Western Resources Corp., has completed the Phase I production drilling programme at its potash mine in Saskatchewan, Canada.
The mineral resource estimate now stands at 537 million t of potash with an average grade of 9.24% K2O.
The MoU for the project was signed by Uralchem and Angola’s Grupo Opaia SA on the sidelines of the Africa-Russia forum in Sochi, Russia.
The two companies agreed to evaluate opportunities to exchange information and technical expertise in order to increase the capacity of the South African company’s projects both in South Africa itself, including Elandsfontein, the country’s second largest phosphate deposit, and in the Republic of the Congo and Ghana.
The company recorded a net loss of US$23 million, or US$0.20 per common unit, on net sales of US$89 million for 3Q19, compared to a net loss of US$13 million, or US$0.12 per common unit, on net sales of US$80 million for 3Q18.