EuroChem resolves potash project legal dispute
Zug, Switzerland, 18 January, 2016 – EuroChem Group AG (hereinafter “EuroChem”, “Group” or “Company”), a leading global agrochemical company, today announces that EuroChem, Shaft Sinkers (Pty) Ltd, Rossal No. 126 Pty Ltd. and International Mineral Resources B.V. have amicably resolved all matters relating to their dispute involving a EuroChem potash mining project in Russia1, and all litigation and arbitration associated therewith has been dismissed or withdrawn.
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, China, Kazakhstan, Lithuania, and Russia and employs more than 23,000 people globally.
For more information, please visit eurochem-corporate-qa1b64.azurewebsites.net or contact:
Head of Investor Relations
+41 41 727 1625
Head of Public Relations
Elena Kalinskaya/ Leonid Fink
+44 (0) 20 3727 1000