Government subsidies available for Khemisset potash project
Moroccan Government incentives could contribute up to 10% of the project's total CAPEX.
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Moroccan Government incentives could contribute up to 10% of the project's total CAPEX.
A 500 m aircore drilling programme at the Laverton Links SOP project in Western Australia will aim to convert the current Exploration Target to a Mineral Resource estimate.
The company has signed term sheets with Unifert, Indagro and Ferisur for the sale of Lake Way sulfate of potash, with a total volume commitment of 170 000 tpy.
The company sold 87 500 t of its multinutrient potassium fertilizer, marketed and sold in Brazil under the brand K Forte and internationally as Super Greensand, in 3Q19.
The company increased revenues for 3Q19 by 8% to €905 million.
The Northern Australia Facility loan from the government of Western Australia will assist in developing infrastructure for the company's sulfate of potash project at Beyondie.
Sales for 3Q19 were US$1325 million compared to US$1371 million for 3Q18. The potash division's sales decreased by 8% in 3Q19, while operating income increased by 6% compared to 3Q18.
The Environmental Review Document comprises a thorough understanding of the environmental setting in the Project area, developed through detailed flora and fauna surveys and studies.
At 30 September 2019, the company had cash of CAN$8.2 million, a positive working capital of CAN$7.8 million and no debt.
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.
The company said that its results had been affected by a short-term market slowdown, but that it maintained a positive outlook for 2020.
The study concluded that the Port of Casablanca's existing capacity would be sufficient for Emmerson's potash and salt production.