Latest news with #K+S
Sydney Morning Herald
2 days ago
- Business
- Sydney Morning Herald
German industrial giant dumps Exmouth Gulf project after fierce fight
Environmental advocates are ecstatic at a major win in their decades-long struggle to prevent industrialisation of Exmouth Gulf, after a German multinational withdrew plans for a massive and controversial saltworks project. Protect Ningaloo, part of the Australian Marine Conservation Society, led the campaign against the saltworks, claiming it would have damaged a nationally listed wetland and polluted the gulf, the nursery area for the World Heritage listed Ningaloo reef. They now say governments must act to ensure Exmouth Gulf is protected from future industrial projects. German corporation K+S on Thursday announced cancellation of plans for the Ashburton Salt project, which has been planned for nearly a decade and was undergoing public environmental assessment by the state's Environmental Protection Authority. K+S Salt Australia managing director Gerrit Gödecke said the team 'made many visits to Onslow and Exmouth and met many passionate people who care deeply about their community.' 'We spent a great deal of time and resources getting to understand the community and the environment,' he said. 'However much has changed since 2016, including the worldwide strategic direction at our parent company, K+S, which no longer includes growth in international salt production.' 'I am disappointed … the people of Onslow and the Thalanyji People, Traditional Owners … will not realise the significant benefits the project would have brought. 'K+S remains confident the Ashburton Salt project could have been developed to be one of the world's most environmentally sound solar salt projects.'
The Age
2 days ago
- Business
- The Age
German industrial giant dumps Exmouth Gulf project after fierce fight
Environmental advocates are ecstatic at a major win in their decades-long struggle to prevent industrialisation of Exmouth Gulf, after a German multinational withdrew plans for a massive and controversial saltworks project. Protect Ningaloo, part of the Australian Marine Conservation Society, led the campaign against the saltworks, claiming it would have damaged a nationally listed wetland and polluted the gulf, the nursery area for the World Heritage listed Ningaloo reef. They now say governments must act to ensure Exmouth Gulf is protected from future industrial projects. German corporation K+S on Thursday announced cancellation of plans for the Ashburton Salt project, which has been planned for nearly a decade and was undergoing public environmental assessment by the state's Environmental Protection Authority. K+S Salt Australia managing director Gerrit Gödecke said the team 'made many visits to Onslow and Exmouth and met many passionate people who care deeply about their community.' 'We spent a great deal of time and resources getting to understand the community and the environment,' he said. 'However much has changed since 2016, including the worldwide strategic direction at our parent company, K+S, which no longer includes growth in international salt production.' 'I am disappointed … the people of Onslow and the Thalanyji People, Traditional Owners … will not realise the significant benefits the project would have brought. 'K+S remains confident the Ashburton Salt project could have been developed to be one of the world's most environmentally sound solar salt projects.'
West Australian
2 days ago
- Business
- West Australian
Australian Marine Conservation Society rejoices as K+S shelves plans for $850m salt project at Exmouth Gulf
Marine environmentalists are 'really relieved' a German chemical giant has canned a salt project in WA's north. K+S sent an email to various stakeholders on Thursday morning informing them the Ashburton Salt development had been scrapped. The proposal to evaporate briny water and harvest the leftover salt south of Onslow was first announced in 2016. The project was slated to cost $850 million and be operational by 2022, but K+S had made little progress on the development in recent years. WA's Environmental Protection Authority opened up public feedback on the Ashburton Salt mining plan in September 2023, but since then there had been no further mentions of the project's progress. The Australian Marine Conservation Society mounted a fierce campaign to scupper Ashburton Salt, which included hiring billboards in the German city of Kassel — where K+S is headquartered. AMCS WA director Paul Gamblin said he was 'really relieved' by K+S' decision to pull up stumps after 'years of hard fighting'. Mr Gamblin said the AMCS had targeted Ashburton Salt in particular, and not other nearby salt projects, because of Ashburton Salt's potential impacts to the Exmouth Gulf. 'K+S' project would have major negative impacts on the wetlands at Exmouth Gulf, which is designated as a wetland of national significance,' he said. 'The Gulf is Ningaloo Reef's nursery . . . many species on the Reef rely on the Gulf's bio-diverse environment.' The managing director of K+S' Australian arm, Gerrit Gödecke, claimed the decision to abandon the project was 'not made for reasons related to environmental management'. 'K+S remains confident the Ashburton Salt project could have been developed to be one of the world's most environmentally sound solar salt projects,' he said. The project being scrapped was pinned on a change in the 'worldwide strategic direction' at K+S, which 'no longer includes growth in international salt production'. 'I am disappointed we did not finish what we started by ultimately taking this project to production, and that the people of Onslow and the Thalanyji People, Traditional Owners of the Ashburton Salt site, will not realise the significant benefits the project would have brought,' Mr Gödecke said.
Yahoo
10-05-2025
- Business
- Yahoo
Don't Race Out To Buy K+S Aktiengesellschaft (ETR:SDF) Just Because It's Going Ex-Dividend
K+S Aktiengesellschaft (ETR:SDF) stock is about to trade ex-dividend in 4 days. The ex-dividend date is two business days before a company's record date in most cases, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. This means that investors who purchase K+S' shares on or after the 15th of May will not receive the dividend, which will be paid on the 19th of May. The company's next dividend payment will be €0.15 per share, on the back of last year when the company paid a total of €0.15 to shareholders. Based on the last year's worth of payments, K+S has a trailing yield of 1.0% on the current stock price of €15.61. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! That's why we should always check whether the dividend payments appear sustainable, and if the company is growing. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. K+S paid a dividend last year despite being unprofitable. This might be a one-off event, but it's not a sustainable state of affairs in the long run. Given that the company reported a loss last year, we now need to see if it generated enough free cash flow to fund the dividend. If K+S didn't generate enough cash to pay the dividend, then it must have either paid from cash in the bank or by borrowing money, neither of which is sustainable in the long term. K+S paid out more free cash flow than it generated - 184%, to be precise - last year, which we think is concerningly high. We're curious about why the company paid out more cash than it generated last year, since this can be one of the early signs that a dividend may be unsustainable. View our latest analysis for K+S Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. K+S reported a loss last year, but at least the general trend suggests its income has been improving over the past five years. Even so, an unprofitable company whose business does not quickly recover is usually not a good candidate for dividend investors. The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. K+S's dividend payments per share have declined at 16% per year on average over the past 10 years, which is uninspiring. We update our analysis on K+S every 24 hours, so you can always get the latest insights on its financial health, here. From a dividend perspective, should investors buy or avoid K+S? First, it's not great to see the company paying a dividend despite being loss-making over the last year. Second, the dividend was not well covered by cash flow." Overall it doesn't look like the most suitable dividend stock for a long-term buy and hold investor. Wondering what the future holds for K+S? See what the 16 analysts we track are forecasting, with this visualisation of its historical and future estimated earnings and cash flow If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
