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JD Neuhaus

Ceremonial Opening of the new Potash Mine Legacy in Canada

 

Today, K+S celebrates the opening of the new potash mine in Canada with about 700 guests, among are the Honourable Brad Wall, Premier of Saskatchewan, and numerous local government dignitaries, representatives from suppliers and employees. During the ceremony, the mine will be handed over to the operations team. The five-year construction phase has been successfully completed and the first tonne of marketable potash is expected to be produced in June as planned.

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New Potash Plant in Canada - Symbolic Commissioning Start of Legacy

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Dr. Ralf Bethke, Chairman of the Supervisory Board, and Norbert Steiner, Chairman of the Board of Executive Directors and Dr. Ulrich Lamp, President and CEO of K+S Potash Canada, symbolically pressed the start button for the Commissioning Start of Legacy.


The commissioning of Legacy is underway. To particularly appreciate this exceptionally important step for the project, yesterday – during a visit to the site by the Supervisory Board and Board of Executive Directors – Dr. Ralf Bethke, Chairman of the Supervisory Board, and Norbert Steiner, Chairman of the Board of Executive Directors, together with Dr. Ulrich Lamp, President and CEO of K+S Potash Canada, symbolically pressed the start button.

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K+S announces Decline in Revenues and Earnings in the first Half of 2016

  • Revenues in the first half of the year: € 1.8 billion (-20%)
  • Operating earnings (EBIT I) of € 233 million (-53%)
  • Review of deep-well injection permit still ongoing
  • Legacy Project:
    • Commissioning at the end of August despite of incident
    • Production of first tonne in the second quarter of 2017
  • ‘Fit for the Future’ and ‘Salt 2020’ again make important contributions
  • Outlook for 2016: EBIT I of between € 200 million and € 300 million anticipated
  • Medium-term forecast for 2020 remains in place
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K+S Potash Canada’s Project in Final Stretch

2016 is a big year for K+S Potash Canada (KSPC). The construction of the Legacy mine near Bethune, Sask., the biggest project currently under construction in Saskatchewan, is nearing completion. The workforce numbers, including K+S employees and construction contractors, are the highest to date; commissioning of the mine is on track for the end of August; and the first tonne of potash is scheduled to be produced by the end of the year.

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Q4 & Year-end: PotashCorp reports Full-year 2015 Earnings

Key Highlights

  • Fourth-quarter earnings of $0.24 per share1; full-year total of $1.52 per share
  • Annual cash provided by operating activities of $2.3 billion
  • Indefinite suspension of Picadilly, New Brunswick potash operation in January 2016
  • Quarterly dividend reduced by 34 percent to $0.25 per share
  • Full-year 2016 guidance of $0.90-$1.20 per share; $0.10-$0.20 for the first quarter
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Feeding the World – international Resources Company K+S is Part of the Solution

No human right is violated as frequently as the right to food. That almost 800 million people worldwide still do not have enough to eat is one of the greatest scandals of our time. The struggle against hunger is making progress but given the growth in the world’s population, climate change and other challenges, it must be waged even more efficiently in the future. K+S offers solutions in this regard and with its offering of numerous plant nutrients, makes a contribution to achieving higher yields from the limited agricultural land available worldwide.

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Capital Markets Day: “Deep Value”: K+S Group with attractive Prospects

K+S presents the management agenda for the coming years at its Capital Markets Day today. Norbert Steiner, Chairman of the Board of Executive Directors at K+S, stresses: "We have created the basis for a prosperous future of K+S. Our Legacy Project in Canada in conjunction with our sustained cost reduction efforts and the successful implementation of our ‘Salt 2020’ strategy ensures that we are well positioned to generate sustainable value for our shareholders." Addressing Canada-based PotashCorp’s abandoned takeover proposal, Steiner remarks: "K+S’s entire Board of Executive Directors is aware that we have to ‘deliver’ – and that is what we will do!"

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Analytic and Research Center: K+S bundles Research Expertise at new Site

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Photo: Bodo Ramelow, Prime Minister of the State of Thuringia (centre) and Norbert Steiner, Chief Executive Officer of K+S (left) during a tour in the ARC

Two years after construction began, Chairman of the K+S Board of Executive Directors Norbert Steiner and Thuringia Premier Bodo Ramelow inaugurated the K+S Group’s new Analytic and Research Center in Unterbreizbach. On the occasion of the opening, Norbert Steiner pointed out that the new facility would enable K+S to further strengthen and expand its international technological leadership in extracting and processing rock and potash salts.

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