in this issue
Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers
Vale's fertilizer business swings to loss on lower prices, sales
March 3, 2014 | Ian Young
The fertilizer business of mining company Vale (Rio de Janeiro) posted negative adjusted Ebitda of $105 million in the fourth quarter of 2013 compared with positive adjusted Ebitda of $144 million in the corresponding quarter of 2012. The loss reflects lower sales prices and weaker sales volumes, partly offset by a cost-cutting program. The fourth-quarter 2013 adjusted Ebitda figure does not include a $2.3-billion asset impairment, related to Vale's abandonment last year of the Rio Colorado potash project in Argentina, that the company charged to its...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee