trending Market Intelligence /marketintelligence/en/news-insights/trending/BdL6hjpeXxFMtmU61J0fRQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

K+S mulls sale of stake in Saskatchewan's Bethune potash project

Mining Exploration Insights - April 2020

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

State of the Market: Mining Q2-2019


K+S mulls sale of stake in Saskatchewan's Bethune potash project

German potash and salt miner K+S AG is mulling the sale of a stake in the Bethune potash project in Saskatchewan, which the company values at nearly €5 billion, Reuters reported Dec. 10, citing an unnamed company spokesman.

The company said that it was considering selling stakes in businesses in North America, as ongoing cost-cutting initiatives will not generate enough savings to meet its target of net debt as 2.7x EBITDA by the end of 2020, from the recent level of 4.3x EBITDA.

K+S is leaning toward a stake sale for Bethune, which may be done through an IPO, according to the spokesman. The company, however, ruled out an outright sale of the project.

In November, K+S flagged a further cut in its full-year 2019 potash production, while reporting a year-over-year improvement in third-quarter earnings.