The giant copper miner is also planning to sell about $8 billion of bonds over the next five years to help finance a nearly $30bn investment program aimed to revamp its aging mines.
The firm is developing a trio of staggeringly huge copper deposits on the Chilean-Argentine border that contain a total of over 28 billion pounds of copper and 19 million ounces of gold resources (only two of the deposits have resource estimates on them).
Although Potash Corp. is a vital player in the agriculture industry, this has not led to a strong performance in the stock market in 2014, as its shares have uderperformed the TSX Composite Index’s 4.5% gain.
Western sanctions against Russia that stemmed from the events in Ukraine have not yet put a significant dent in the country’s economy or changed their plans abroad. However, over the last three months, the slumping price of crude oil may be the factor that finally makes Moscow blink.
Corporate Travel Management (ASX: CTD) took the gong for 'Top Australian Agency' in the Abacus International Conference (AIC) Awards ceremony, hosted in Abu Dhabi on Friday, 17 October.