Ciner Resources LP Announces Quarterly Cash Distribution
Ciner Resources LP Common Units representing Limited Partner Interests (CINR)
Last ciner resources lp common units representing limited partner interests earnings: 2/14 04:08 pm
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US:NYSE Investor Relations:
ciner.us.com/investor-overview
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Source: Business Wire
ATLANTA--(BUSINESS WIRE)-- Ciner Resources LP (the “Partnership”) (NYSE: CINR) announced that the board of directors of its general partner approved today its quarterly distribution. The quarterly distribution of $0.340 for the first quarter of 2019 is payable on May 24, 2019, to unitholders of record on May 21, 2019. “While we are still working on finalizing our capital plans for a new expansion project that we anticipate will increase our capacity up to approximately 3.5 million tons of soda ash per year, it is clear such plans will require capital expenditures materially higher than have been incurred by Ciner Wyoming in recent years. When considering infrastructure improvements designed to increase our overall efficiency plus the expansion, our plans could entail up to $400M of new capital investment. We are committed to maintaining a disciplined financial policy with a conservative capital structure
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