Compass to Evaluate South American Business

Compass Minerals International Inc of Overland Park, KS has reported net earnings of US$56.1 million on sales of US$500.3 million in the fourth quarter of 2019 compared with a net earnings of US$51.0 million on sales of US$486.5 million in the corresponding period of 2018. During the fourth quarter the company also initiated a strategic...

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Mosaic Further Reduces Fertilizer Production

The Mosaic Co of Tampa, FL has announced that it intends to further reduce fertilizer production until markets improve. The company plans to reduce phosphate production at its central Florida facilities by 150,000 tonnes/month, in addition to the 500,000 tonne reduction it implemented in the second half of 2019 primarily in Louisiana, and will continue...

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SQM Hit by Significantly Lower Lithium Prices

Sociedad Quimica y Minera de Chile SA (SQM) of Santiago, Chile has reported third quarter net income of US$60.5 million on revenues of US$473.1 million down from US$83.5 million on revenues of US$543.2 million in the corresponding quarter of 2018. The revenue decrease reflect lower sales in all of the company’s businesses with the exception...

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Nutrien Optimistic that Fundamentals are Changing for the Better

Nutrien Ltd of Saskatoon, SK has reported third quarter 2019 net earnings from continuing operations of US$141 million compared with a net loss of US$1.07 billion in the same period of 2018. The company’s consolidated sales increased 4% to US$4.13 billion. Nutrien’s Potash business contributed net sales of US$709 million, down from US$816 million in...

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Canadian Wollastonite Expands Reserves

Canadian Wollastonite of Seeley’s Bay, ON reports that the City of Kingston, ON has approved an expansion of its mining operation north east of the city. The company says that the decision adds more than 20 million tonnes of wollastonite and other minerals to its existing reserves. In addition to reducing greenhouse gases, emerging uses...

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