Uralkali obtains licence for Russian potassium and magnesium development

By Kasia Patel
Published: Friday, 01 August 2014

The company has now obtained a licence for its previously purchased block at the Verkhnekamskoye deposit in June. This means exploration of potash and magnesium can go ahead, allowing Uralkali to continue expanding its assets.

Leading Russian potash producer Uralkali has obtained a licence to develop the Romanovky block of the potassium and magnesium Verkhnekamskoye deposit in the Perm region of Russia.

The licenced area was acquired in an auction for Russian rouble (R) 325bn ($9.12m*) and has estimated commercial reserves of 385m tonnes sylvinite...

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