EuroChem announces first deliveries of Phosphate rock from Kazakhstan project
Zug, Switzerland/ Karatau, Kazakhstan 1 October 2015 – EuroChem Group AG (hereinafter “EuroChem”, “Group”), a leading global agrochemical company, today announces that it has completed its first intra-group shipment of ground phosphate rock from its phosphate rock mining operations in Kazakhstan. Approximately 11,000 tonnes of phosphate rock with an average P2O5 (phosphorus oxide) content of 30.5% were delivered to EuroChem-Belorechenskie Minudobrenia (BMU). Located in the Southwest of Russia, EuroChem-BMU specializes in the production of MAP and NP phosphate-based fertilizers.
By the end of the year, EuroChem expects to have shipped in excess of 50,000 tonnes of ground phosphate rock from its Kazakh mining facility to its phosphate plants in Russia and Belgium.
Dmitry Strezhnev, EuroChem CEO, commented: “With this first intra-group shipment, EuroChem moves closer to being self-sufficient in the production of phosphate rock. Additionally, we plan to further strengthen our presence in Kazakhstan with the construction of a fertilizer complex in close proximity to our mining facilities.”
EuroChem has already invested approximately $160 million in its Kazakhstan project, including on social infrastructure. The project, which also targets the socio-economic development of the region, benefits from the full support of regional authorities and is implemented in close cooperation with the Government of Kazakhstan.
About EuroChem Group AG
EuroChem is a leading global agrochemical company, producing primarily nitrogen and phosphate fertilizers, as well as certain organic synthesis products and iron ore. The Group is vertically integrated with activities spanning from mining and hydrocarbons extraction to fertilizer production, logistics, and distribution. EuroChem is currently developing two sizeable potash deposits in Russia with its VolgaKaliy and Usolskiy Potash greenfield projects. Headquartered in Zug, Switzerland, the Group operates production facilities in Belgium, Lithuania, China, Kazakhstan and Russia and employs more than 22,000 people globally.
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