MbAC Fertilizer Corp. reduces losses, closes in on commercial production
Published: Thursday, 13 November 2014
The Brazil-operating fertiliser junior is on track to enter commercial production levels in 2015, following higher-than-capacity production records at its Itafos plant before the seasonal reduction in demand for the remainder of 2014
Canada-based junior producer, MbAC
Fertilizer Corp., has recorded a net loss of C$18.7m ($16.5m*)
for Q3 2014, which it said was primarily due to an unrealised
foreign exchange loss of C$12.3m.
"Our Q3 2014 performance was largely defined by our
significant working capital constraints and efforts...