The company has received a non-binding indicative term sheet for a long-term concessional debt facility from the Northern Australia Infrastructure Facility of up to AUS$160 million.
This is the second PhosAgro office in Latin America, with the first opened several years ago in Sao Paulo, Brazil.
Andrey A. Guryev, PhosAgro's CEO, spoke at a panel session titled ‘Innovations and technologies as a factor of export development’.
The Canadian company said that it had reduced spending significantly.
OCP senior management will host a conference call to discuss 3Q18 results at 9:30 am EST, 3:30 pm Morocco time (GMT+1), and 2:30 pm London time (GMT) on 29 November.
The company’s revenue in 3Q18 rose by 35% y/y to RUB 62.8 billion (US$958 million), while EBITDA grew by 72% y/y to RUB 23.4 billion (US$357 million).
The cap is intended to promote the use of organic fertilizers and reduce health and environmental risks.
The company’s Board of Directors made the recommendation after reviewing PhosAgro’s financial and operating performance for the first nine months of 2018.
The agency cited EuroChem's expected reduction in CAPEX as a key factor in its decision.
The phosphate-based fertilizer producer has been recognised for its health, safety and environment practices.
The company will host a conference call the following day to discuss and answer investor questions.
The MoU’s purpose is to develop the fertilizer value chain in Ghana as part of the Government of Ghana’s newly designed Fertilizer Expansion Programme (GFEP).
Centrex Metals Ltd has announced that it has visited CDE Global’s construction facilities as part of its client review for detailed design on the startup 70 tph wet processing plant for its Ardmore Phosphate Rock Project.
Verdant Minerals Ltd has announced that it has formally submitted the supplement to the environmental impact statement to the Northern Territory Environmental Protection Authority for its 100% owned Ammaroo Phosphate Project.
Nutrien Ltd has released its results for 2Q18, reporting net earnings from continuing operations of $741 million ($1.17 earnings per share) and EBITDA of $1.5 billion.