martes, 20 de noviembre de 2018

K+S axes earnings guidance as severe drought hits production

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Potash News Digest
Wednesday 21 November 2018
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The Germany-based fertilizer producer now forecasts earnings before interest, taxes, depreciation and amortisation (EBITDA) between 570 and 630 million euros, compared with previous forecast of 660 to 740 million euros.

In the past two years, Cat has been working on growing its offering, particularly in the underground segment, as well as filling up some gaps in terms of trucks sizes.

World salt exports rose to 64 million tonnes in 2017, up 10 million tonnes from 2016.

Nutrien says it will focus on increasing potash production in Saskatchewan where operating costs are lower and no capital needs to be invested.

Capital expenditure among the 10 largest metals and mining companies is forecast to advance to about $35 billion this year, the first annual rise since 2013.

The mining community is salivating.

It remains unclear how many head-office jobs at Nutrien are being counted towards the incentive, with a Saskatchewan government official citing "confidential tax information" as the reason why.

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