Russian potash producer Uralkali plans to play it big on the international scene of fertiliser minerals. The world’s second largest potash producer since its merger with the other major Russian potash producer, Silvinit, Uralkali is going through a succession of developments in order to take advantage of the opportunities that the potash market is anticipating. The potash giant’s targets are both long-term, depending on the evolution of potash prices, and short-term.
On one hand, Uralkali will start developing its two greenfield potash projects in the southwest of Russia, but only if potash prices reach the threshold of $550-600/tonne, the company told IM.
Uralkali owns two greenfield licences in Berezniki and Solikamsk, adjacent to its five potash mines and seven processing plants in the Ural mountains of the Perm region.
Uralkali’s total JORC-compliant resource is 8.7bn tonnes of ore including 4.4bn tonnes from the greenfield Ust-Yayvinsky...