Brief: Irc Announces Scaling Down Of K+S's Operation

IRC

14/11/2022 14:51

Nov 14 (Reuters) - IRC Ltd  1029.HK :
    * SCALING DOWN OF K+S'S OPERATION
    * STARTING FROM MID-NOV, K+S WILL SCALE DOWN OPERATIONS IN
PRODUCTION OF IRON ORE CONCENTRATE BY UP TO 50% OF ITS CURRENT
PRODUCTION RATE
    * GROUP'S FINANCIAL POSITION IS LIKELY TO BE SIGNIFICANTLY
ADVERSELY AFFECTED IF CHALLENGING OPERATING ENVIRONMENT PERSISTS
    * BOARD CONSIDERS SCALING DOWN OPERATION OF K+S IS IN BEST
INTEREST OF CO

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 ((Reuters.Briefs@thomsonreuters.com;))