MbAC Fertilizer Corp. reduces losses, closes in on commercial production

By James Sean Dickson
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...

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