martes, 16 de octubre de 2018

K+S flags $93m hit on Q3 profit due to drought

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Potash News Digest
Wednesday 17 October 2018
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Transportation of considerable amounts of waste water to offsite storage basins will likely cause extra costs over the next few months.

Hattorf is the second site the company has had to shut down in the last two weeks due to a severe drought affecting Germany, especially in the northern and eastern parts.

Two major shareholders of Brazilian mining company Vale SA are likely to reach an agreement on Wednesday to pay 2.82 billion reais ($692 million) to Eletron to settle a dispute over Vale shares.

Miner announced a share swap Monday, handing over £27m of stock for a 30 per cent stake in Cibra, Brazil's sixth largest distributor and a subsidiary of the privately held Omimex Group, a Texan oil and gas company.

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