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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.
The Yara Trinidad plant is one of the company's smallest ammonia plants, with an annual production capacity of approximately 270 000 t of ammonia.
The Australian fertilizer manufacturer reported Net Profit After Tax of AUS$152 million for the year ended 30 September 2019.
Strategic partner and financial investor processes are underway with the aim of securing US$600 million of Initial Scope funding, with various parties engaged and assessing information.
Dangote’s project is intended to process phosphate to make fertilizer in-country, and then export it elsewhere in West Africa.
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.
Corrine Ricard has been named Senior Vice President – Brazil, while Rick McLellan has been named Senior Vice President – Commercial.