Vale reports 50% Q3 EBITDA growth in fertiliser sector despite overall loss
Published: Friday, 31 October 2014
Fertiliser earnings growth was at odds with the overall performance of the Brazilian miner, with third quarter figures indicating a difficult three months for the company. The world’s largest iron ore producer will be thankful thatl its fertiliser business is not immediately likely to encounter the same price falls that iron ore has experienced.
Brazilian mining giant Vale SA has reported strong growth in
its fertiliser sector, despite a surprise overall loss for Q3
Adjusted EBITDA* for the companys fertiliser business
grew by 50% year-on-year (y-o-y) to $96m. Fertiliser EBITDA
also grew by one third from Q2 2014, which the company said