| CF Industries Starts Up Urea Plant at Donaldsonville Complex | |
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CF Industries Holdings, Inc. CF announced that the new urea plant at its Donaldsonville (LA) Nitrogen Complex started operating on Nov 17, 2015. The plant is operating at a steady and stable level. Since its start-up, the plant has produced more than 80,000 tons of granular urea. The plant is the first to be commissioned and part of the company’s major capacity expansion projects in North America. In fact, it is the first world-scale urea plant to be completed in North America since 1998. Once the capacity expansion project is complete, the complex will be the world’s largest nitrogen facility. The new plant represents a significant landmark in CF Industries’ capacity expansion projects. Donaldsonville’s increased capacity and unrivaled logistics capability will allow the company to serve its North American customers better while offering attractive returns to shareholders. Output for urea at Donaldsonville in 2016 has been forecast within 2.2–3.2 million tons depending on product mix, up from an average annual product of 1.7 million tons currently. Last month, CF Industries released the third-quarter 2015 results. The company’s adjusted earnings (excluding one-time items) decreased roughly 17% to 49 cents per share from 59 cents a year ago. Earnings per share also missed the Zacks Consensus Estimate of 74 cents by a wide margin.
Sales rose roughly 0.7% year over year to $927.4 million and exceeded the Zacks Consensus Estimate of $924 million. The improvement came on the back of the GrowHow acquisition (about $84 million in incremental revenues), and higher volume of exports and domestic spot sales of ammonia. CF Industries currently carries a Zacks Rank #5 (Strong Sell). Some better-ranked stocks in the basic materials sector are Harmony Gold Mining Company Limited HMY, Richmont Mines Inc. RIC and Sibanye Gold Limited SBGL. All these stock have a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CF INDUS HLDGS (CF): Free Stock Analysis Report HARMONY GOLD (HMY): Free Stock Analysis Report SIBANYE GLD-ADR (SBGL): Free Stock Analysis Report RICHMONT MINES (RIC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Harmony Gold Mining Ltd
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PRODUCER |
CODE : HMY |
ISIN : US4132163001 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Harmony Gold is a gold producing company based in South africa. Harmony Gold develops gold and silver in Papua New Guinea and in South Africa, and holds various exploration projects in South Africa. Its main assets in production are RANDFONTEIN UG, HARMONY 2, KALGOLD, TARGET, ELANDSKRAAL UG OPERATING SHAFT, TSHEPONG, EVANDER - 2, 3 & 5, ELANDSRAND, ELANDSKRAAL, JOEL MINE, WELKOM, EVANDER, EVANDER - MINE ON CARE, EVANDER PROJECTS BELOW INFRASTRUCTURE-EVANDER SOUTH, EVANDER STOCKPILE, BAMBANANI, PHAKISA, FREE GOLD WEST, ST HELENA, JOEL, FREE GOLD SHAFT CARE & MAINTENANCE, FREE GOLD STOCKPILE, RANDFONTEIN SURFACE STOCKPILE, ELANDSKRAAL - DEELKRAAL UG SHAFT ON CARE, ORKNEY UG OPERATING SHAFT, ORKNEY UG SHAFTS ON CARE, MERRIESPRUIT 1, MERRIESPRUIT 3, UNISEL, BRAND 3, MASIMONG, MINES ON CARE-FREE STATE, EVANDER 7, EVANDER 8, EVANDER PROJECT BELOW INFRASTRUCTURE ROLSPRUIT, EVANDER PROJECTS BELOW INFRASTRUCTURE POPLAR, EVANDER OPERATIONS, RANDFONTEIN OPERATIONS, PAMODZI (FREE STATE), DOORNKOP, EVANDER (BELOW INFRASTRUCTURE), NYALA and FREE GOLD in South Africa, HAMATA and WAFI in Papua New Guinea and SOUTH KAL MINES, UNION REEFS, BENDIGO and HIDDEN VALLEY in Australia, its main assets in development are HIDDEN VALLEY & KAVEROI in Papua New Guinea and BLOEMHOEK in South Africa and its main exploration properties are VIRGINIA OPERATIONS, PHOENIX, FREE STATE SURFACE and MIDDELVLEI in South Africa and GOLPU and NAMBONGA in Papua New Guinea. Harmony Gold is listed in France, in Germany, in United Kingdom and in United States of America. Its market capitalisation is US$ 3.8 billions as of today (€ 3.5 billions). Its stock quote reached its highest recent level on July 27, 2012 at US$ 9.99, and its lowest recent point on November 20, 2015 at US$ 0.53. Harmony Gold has 439 960 000 shares outstanding. |