Phosphates

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.

Corrine Ricard has been named Senior Vice President – Brazil, while Rick McLellan has been named Senior Vice President – Commercial.

The report defined the Husky1/North Dry Ridge (H1/NDR) deposits in Idaho, US, as the company’s path forward for mine development.

Work on the study began in 3Q18 in partnership with the Government of New Brunswick, Canada, to examine the possibility of building a phosphoric acid plant at Belledune in New Brunswick.

The two companies agreed to evaluate opportunities to exchange information and technical expertise in order to increase the capacity of the South African company’s projects both in South Africa itself, including Elandsfontein, the country’s second largest phosphate deposit, and in the Republic of the Congo and Ghana.

The company's total fertilizer production in 3Q19 increased by 15.2% y/y to 2460.4 kt. Fertilizer output for 9M19 grew by 7.2% y/y to 7162.0 kt.

The Group will supply over 100 000 t of ammonium nitrate and NPK to the Bryansk, Orel and Novgorod regional departments of agriculture for 2020.

The company is intending to invest US$3 billion in growth and modernisation by 2025.