Uralkali, Silvinit to mine 10.6 million tonnes of potash
Reuters reported that Russian potash miners Uralkali (URKA.MM) and Silvinit (SILV.MM) expect to produce a combined 10.6 million tonnes of potash this year, up from 10.3 million tonnes in 2010.
The two companies, controlled by Russian billionaire tycoon Suleiman Kerimov and associates, announced a $23.9 billion merger earlier this year. Uralkali Chief Executive Officer Vladislav Baumgertner also said that its Belarussian Potash Co (BPC) export joint venture will sign a new contract with India in the coming months at a sharply higher price.
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