BPC and China importers have reached an agreement on the price and volume of MOP

16.04.2008
BPC (Uralkali's export trader and a 50% joint venture with Belaruskali) has
informed Uralkali of an agreement reached on April 15, 2008 with the official
negotiations group organized by the government of China, which included
Sinochem, CNAMPGC and COOC, on the price and volume for the supply of potassium
chloride (MOP) in 2008. The price for sales to Sinochem and CNAMPGC, China's
largest importers of mineral fertilizers, has been increased by $400 per tonne.
The new price has been established for shipments from June/July 2008 until
December 2008.

As in 2006 and 2007 BPC was the leader in the negotiations process with two of
the biggest potash consumers in the world and became the first potash exporter
to settle the contracts for 2008 with Sinochem and CNAMPGC. Uralkali considers
the result of BPC's six months' negotiations with the Chinese partners to be an
extremely important achievement for the global potash market.

BPC agreed with Sinochem and CNAMPGC on shipment of around 1 mln tonnes till the
end of 2008. The volume of shipment was decreased due to the late contract
settlement and further tightening of supply and continuous strong demand in
global markets.
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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.