Phosphates

The company is aiming to move its Lac à Paul phosphate project in the Saguenay — Lac-Saint-Jean region of Quebec, Canada, towards development.

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 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.

EBITDA amounted to US$345 million in 1Q20, down from US$448 million in 1Q19.

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.

The company recorded a net loss of CAN$0.4 million in 1Q20, compared to a loss of CAN$0.6 million in 1Q19.

The company's net loss in 1Q20 was US$153 million, compared to a profit of US$133 million in 1Q19.

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 has acquired the intellectual property, including patents portfolio and process know-how, of Ecophos s.a., which filed for bankruptcy earlier in March.

The company has announced a net loss of US$203 million for 1Q20.

The company has reported sales of US$1.57 billion for 1Q20, a 3% increase y/y.

1Q20 EBITDA excluding special items was US$504 million, up from US$464 million a year earlier.

The company's sales of fertilizer in 1Q20 increased by 10% y/y to 2.8 million t.

In September 2019, the company commenced a strategic review of the Incitec Pivot Fertilisers business with three possible outcomes envisaged – sale, demerger, or retain and invest.

The subsidiary of PhosAgro increased total sales of mineral fertilizers to Russian farmers by 47% y/y in 1Q20.