Intrepid Potash announces 2Q19 results
The company recorded a net income of US$5.6 million, or US$0.04 per share, in 2Q19.
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The company recorded a net income of US$5.6 million, or US$0.04 per share, in 2Q19.
Wet weather in the Midwest US negatively impacted the company's North American spring fertilizer sales volumes and phosphates margins.
The credit approval has been obtained from the Africa Finance Corp. and the African Export Import Bank.
Kiwa Bio-Tech Products Group Corp. recently completed research of a new fertilizer processing technology with several technology institutes.
Matt Shackleton, Managing Director and CEO of Australian Potash, has said that the complete findings of the definitive feasibility study on the project will be released in due course.
Net earnings in 2Q19 were US$858 million (US$1.47 diluted earnings per share). 2Q19 adjusted net earnings was US$1.58 per share and adjusted EBITDA was US$1.9 billion.
Danakali and the Colluli Mining Share Company have said they aim to commence project execution in 2019.
During the maintenance period, the existing facilities will be supplemented by further components for screening and cooling the products.
The two companies have identified a mutual opportunity for Salt Lake Potash to use part of the pre-strip material from Blackham’s proposed Williamson Pit development for the construction of the Salt Lake Potash project's on-lake evaporation ponds.
The application from Kalium Lakes was for the Euro/US dollar equivalent of approximately AUS$50 million of project finance export cover.
The engagement of Primero is on an Early Contractor Involvement basis, with the initial awarded stage being the process plant design works.
The company has received a AUS$1.3 million Research and Development Tax Incentive from the Australian Taxation Office.