Vale reports 50% Q3 EBITDA growth in fertiliser sector despite overall loss

By James Sean Dickson
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 2014.

Adjusted EBITDA* for the company’s 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 was...

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