There is a lot of uncertainty around the German mining company K+S. They have been under investigation for not following proper procedures regarding their disposal of waste water. A report found that they were not doing their due diligence in properly taking care of waste water. K+S have had to lower their earning expectations as a result.
Key Takeaways:
- The interim results of a German environmental regulator’s probe into waste water discharge by K+S will keep the potash mining company in limbo.
- Under a preliminary permit, K+S has been forced to suspend production intermittently at major mines.
- A K+S spokesman said the company was still addressing questions from the regulator and it remained convinced its request for waste water discharge was fully approvable.
“Under a preliminary permit, K+S has been forced to suspend production intermittently at major mines.”
https://www.google.com/url?rct=j&sa=t&url=https://uk.reuters.com/article/us-k-s-wastewater-idUKKCN1181WQ&ct=ga&cd=CAIyHDVhYzUwNjJkOWI1NjJhN2E6Y29tOmVuOkdCOlI&usg=AFQjCNFjjPYEjrsGHOpw6dfosd2EzJQDNQ
Interim waste water report prolongs uncertainty for K+S
There is a lot of uncertainty around the German mining company K+S. They have been under investigation for not following proper procedures regarding their disposal of waste water. A report found that they were not doing their due diligence in properly taking care of waste water. K+S have had to lower their earning expectations as a result.
Key Takeaways:
“Under a preliminary permit, K+S has been forced to suspend production intermittently at major mines.”
https://www.google.com/url?rct=j&sa=t&url=https://uk.reuters.com/article/us-k-s-wastewater-idUKKCN1181WQ&ct=ga&cd=CAIyHDVhYzUwNjJkOWI1NjJhN2E6Y29tOmVuOkdCOlI&usg=AFQjCNFjjPYEjrsGHOpw6dfosd2EzJQDNQ
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