Phosphates

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

The company has received the certifications for the Integrated Fertilizer Production Complex in Ras Al Khair Industrial City, Saudi Arabia, as well as the mine and plant in Al Jalamid.

The company has said the 21-day national lockdown in South Africa does not currently affect the timetable of the Elandsfontein phosphate project.

The company is taking steps, such as ensuring proper stocks of critical raw materials, to ensure they remain open.

The company's net profit increased by 80% to US$383 million, from US$212 million in 2018.

The company is currently in the development phase of the project Lac à Paul phosphate mine, in the Saguenay — Lac-Saint-Jean region, in Quebec, Canada.

The appeal hearing against the Elandsfontein project's valid integrated water use licence, which was due to reconvene on 16 March 2020, has been postponed.

The idling of Itafos' Brazil-based phosphate fertilizer business is in response to the continued downward pressure on global fertilizer prices.

The trials were conducted on various vegetable crops in the Bình Chánh and Cu Chi rural districts of southern Vietnam, where the country’s agricultural production is focused.

The event was due to be held in Paris, France, from 8 - 10 March.

The Mosaic Company is to combine its potash and phosphates operations under one management team, effective 1 April 2020.

The company's Board has appointed Mark Summers, currently the company’s Chief Financial Officer, as its interim CEO.

Itafos's Board of Directors has appointed Anthony Cina as Chairman of the company’s Board of Directors.

The company's revenue in 4Q19 decreased by 10.8% y/y to RUB 53.1 billion (US$0.8 billion).

For 4Q19, Mosaic reported a net loss of US$921 million, and adjusted EBITDA of US$202 million.