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.
Mosaic reported a net loss of US$44 million for 3Q19, and adjusted net earnings, after notable items, of US$29 million. The company reported diluted earnings per share (EPS) of negative US$0.11, and adjusted EPS of US$0.08.
The company said that its results had been affected by a short-term market slowdown, but that it maintained a positive outlook for 2020.
The study concluded that the Port of Casablanca's existing capacity would be sufficient for Emmerson's potash and salt production.
Corrine Ricard has been named Senior Vice President – Brazil, while Rick McLellan has been named Senior Vice President – Commercial.
The report defined the Husky1/North Dry Ridge (H1/NDR) deposits in Idaho, US, as the company’s path forward for mine development.
Work on the study began in 3Q18 in partnership with the Government of New Brunswick, Canada, to examine the possibility of building a phosphoric acid plant at Belledune in New Brunswick.
Delegates at CRU’s Sulphur & Sulphuric Acid Conference 2019 are gathering in Houston from 5 – 7 November 2019 to discuss the latest industry developments.
The machine will harvest the hardened potassium salts from the project's evaporation ponds.
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 contract covers deliveries to Indian Potash between October 2019 and 31 March 2020.
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.
The company's total fertilizer production in 3Q19 increased by 15.2% y/y to 2460.4 kt. Fertilizer output for 9M19 grew by 7.2% y/y to 7162.0 kt.
Fertilizer Canada has said the federal government should ensure the fertilizer industry is not burdened with excessive regulation or taxes.
The association includes international companies and organisations involved in fertilizer production, the search for innovative solutions and research in the field of fertilizers, phosphorus management and recycling, and mineral and organic fertilizer innovation.
The order book was twice oversubscribed, with the offering generating strong demand from global institutional investors, including from the US, UK and Continental Europe.
Foliar fertilizers are steadily gaining ground in the agriculture industry as an effective multifaceted solution to enhance plant vitals.
The agreement includes a preliminary marketing plan that facilitates Gensource’s goal of creating a direct link between a potash producing facility in Saskatchewan, Canada, and the end user.
In order to make a FID, work on engineering to support project planning and on finalising the port solution is required, and the Board has approved US$144 million for these activities.