Uralkali Reaches Agreement on Potash Shipments to India in 2014

01.04.2014
Uralkali Reaches Agreement on Potash Shipments to India in 2014

Uralkali (LSE: URKA; the Company), one of the world’s largest potash producers, has concluded a contract with Indian Potash Limited (IPL), the major Indian fertiliser importer, for potash deliveries between April 2014 and March 2015.

The contractís delivery price of potash fertiliser has been set at USD 322 per tonne on a CFR basis. Uralkaliís volumes under the contract will total†800,000†metric tonnes of KCl.


Oleg Petrov, Uralkali Director of Sales and Marketing, commented:

Todayís agreement is a mutually beneficial one. India is a strategic market for Uralkali, and IPL is our long-term partner. We hope that the contract will help stimulate potash application rates in India, and support the countryís agriculture at the time of continued population growth and rising food demand. We expect that the conclusion of the Indian contract will boost the global potash market growth.

Uralkali (www.uralkali.com) is one of the worldís largest potash producers with a share of about 20% in global potash production. The Companyís assets consist of 5 mines and 7 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Region, Russia). Uralkali employs ca.11,800 people (in the main production unit). Uralkaliís shares and GDRs are traded on the Moscow Exchange and LSE, respectively.†

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Cardinal rules

Smoking in mines is prohibited.
Work at heights without wearing a safety harness is prohibited.
Work in electrical installations under voltage is prohibited.
It is forbidden to perform work and stay in the bottomhole zone during the operation of the mining machine.
Loading and unloading operations when people are in the danger zone are prohibited.
Working in underground mines with unsecured and/or unassembled roofing is prohibited.
It is forbidden to carry out repairs and maintenance of conveyors without disconnecting from energy sources, use of conveyors for transfer of people and goods (materials and/or equipment), crossing (either above or under) operating conveyors by employees are not allowed.
It is forbidden to carry out welding and flame work in underground mines and mine buildings without the necessary safety measures preventing fire.