Dangote Group signs phosphate fertilizer agreement with Togo
Dangote’s project is intended to process phosphate to make fertilizer in-country, and then export it elsewhere in West Africa.
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Dangote’s project is intended to process phosphate to make fertilizer in-country, and then export it elsewhere in West Africa.
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 company's revenue increased by 12% y/y in 9M19, while EBITDA was up 10% y/y.