Phosphates

Potash sales, which accounted for 24% of the group total, declined to US$302 million in the quarter from US$515 million a year earlier.

Yara's 4Q19 net income after non-controlling interests was US$199 million, compared with US$157 million a year earlier.

The company recorded annual sales of US$6.2 billion for 2019, 11% higher than a year ago, as a result of a 7% increase in sales volumes and a more favourable price environment in the first six months.

Most notably, sales of PhosAgro products to farmers increased by 10.5% y/y to 2.69 million t.

The company has terminated the engineering, procurement and construction management agreement with Lycopodium Minerals Canada relating to services for the development of the Itafos Farim phosphate mine.

Itafos's Board of Directors has appointed Dr. Mhamed Ibnabdeljalil as CEO, effective immediately.

The company priced the issue on 15 January and settlement is expected to take place on 23 January.

Samir Brikho has been appointed as Chairman of the Board of Directors.

PhosAgro CEO Andrey Guryev said: "The main parameters of the 2020 budget confirm PhosAgro's commitment to maintaining its status as one of the most efficient producers of mineral fertilizers in the global industry."

One of the world’s largest phosphate facilities sets out to achieve significant performance optimisation and reliability improvements.

Nalco Water has launched non-phosphorus and low-phosphorus chemistry programmes for mild steel corrosion control in cooling water systems.

The company has said the decision was reached in light of the continued downward pressure on global fertilizer prices.

The company's revenue in 3Q19 rose by 3% y/y to RUB64.6 billion (US$1.0 billion) mainly due to higher sales in priority markets. Revenue for 9M19 increased by 12% y/y to RUB195.0 billion (US$3.0 billion).

Dangote’s project is intended to process phosphate to make fertilizer in-country, and then export it elsewhere in West Africa.

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.