OCP to challenge Mosaic's claims of unfair competition
Last week The Mosaic Company requested the initiation of countervailing duty investigations into imports of phosphate fertilizers from Morocco and Russia.
Phosphates
Yara begins shipment of fertilizer to East Africa
Yara has committed 40 000 t of fertilizer, agronomic expertise and digital enablement to smallholder farmers in a public-private partnership supported by the UN World Food Program, the Norwegian government and African institutions.
Mosaic seeking countervailing duty investigations into phosphate fertilizer imports from Morocco and Russia
The company is claiming that large volumes of unfairly subsidised imports from Morocco and Russia are causing significant harm to its operations.
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PhosAgro CEO says 1H20 production volumes to rise by 6% y/y
The forecast was made by Andrey Guryev during a round table discussion hosted by the Rossiya-24 television news channel.
Wa’ad Al Shamal Phosphate Company signs financing agreements
The proceeds from the agreements will be used by the company, which operates the phosphate fertilizer production complex located at Wa’ad Al Shamal Minerals Industrial City in Saudi Arabia, to pay down existing loans.
Arianne Phosphate completes CAN$1.5 million financing
The company is aiming to move its Lac à Paul phosphate project in the Saguenay — Lac-Saint-Jean region of Quebec, Canada, towards development.
Mosaic announces global sustainability targets
The targets include reducing greenhouse gas emissions by 20% per tonne of product, reducing freshwater use by 20% per tonne of product and implementing 4R Nutrient Stewardship on 25 million acres, all by 2025.
Kropz aiming to raise US$4 million to fund Elandsfontein phosphate production
Kropz has launched an open offer to existing shareholders to raise up to US$4 million to bring the company's Elandsfontein phosphate project, located in South Africa, into production.
OCP reports decreased EBITDA in 1Q20
EBITDA amounted to US$345 million in 1Q20, down from US$448 million in 1Q19.
More Phosphates news
Coromandel International reports increased profit
The company's consolidated net profit after tax for the quarter ended 31 March 2020 was US$30.8 million, compared to US$14.58 million in the quarter ended 31 March 2019.
Arianne Phosphate releases 1Q20 results
The company recorded a net loss of CAN$0.4 million in 1Q20, compared to a loss of CAN$0.6 million in 1Q19.
Acron incurs net loss in 1Q20
The company's net loss in 1Q20 was US$153 million, compared to a profit of US$133 million in 1Q19.
Incitec Pivot releases financial results
The company's Fertilisers Asia Pacific segment recorded an EBIT loss of of AUS$9.9 million, an improvement from a loss of AUS$32.5 million in HY19.
Prayon acquires parts of Ecophos assets
Prayon has acquired the intellectual property, including patents portfolio and process know-how, of Ecophos s.a., which filed for bankruptcy earlier in March.
The Mosaic Company reports 1Q20 results
The company has announced a net loss of US$203 million for 1Q20.