in this issue
People & Business :: Earnings/Finance
K+S increases budget for Canadian potash project
1:48 PM MDT | April 26, 2013 | —Lindsay Frost
K+S has raised the planned capital expenditure for its potash project near Moose Jaw, SK, by roughly a third, to C$4.1 billion ($3.9 billion), reflecting higher costs for infrastructure investments, modifications of plant components, and increased material and labor costs, the company says. The increase was approved after a basic engineering and cost analysis of the major subprojects was completed. The previous estimate of $C3.25 billion was based on a feasibility study conducted in November 2011, the company says. “The additional findings strengthen the...
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