The Germany-based fertilizer producer raised production outlook as weather-related production stoppages at one of its plant will be shorter than previously thought.
BHP Group may be heading for another clash with investors as the world’s biggest miner gets closer to a decision on whether to build, sell or mothball.
Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years
Changes to Brazil’s 50-year-old mining regulations also came in effect Wednesday and include measures that make the country’s industry more competitive and sustainable.
The Germany-based fertilizer producer now forecasts earnings before interest, taxes, depreciation and amortisation (EBITDA) between 570 and 630 million euros, compared with previous forecast of 660 to 740 million euros.
In the past two years, Cat has been working on growing its offering, particularly in the underground segment, as well as filling up some gaps in terms of trucks sizes.