Press-release: Uralkali Reaches Agreement on Potash Shipments to China in 2016

 

Uralkali (the Company; MICEX: URKA), one of the world’s largest potash producers, announces

that Uralkali Trading (a wholly-owned subsidiary of Uralkali) has concluded a contract with a buying consortium including Sinochem, CNAMPGC, and CNOOC, for potash deliveries to China between August 2016 and January 2017.

The contract delivery price for potash fertiliser has been set at as per the market level. Uralkali’s volumes under the contract will total 600,000 metric tonnes of KCl, not including optional deliveries.

Major contract parameters:

Uralkali (www.uralkali.com) is one of the world’s largest potash producers and exporters. The Company’s assets consist of 5 mines and 7 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Territory, Russia). Uralkali employs ca.11,000 people (in the main production unit). Uralkali’s shares are traded on the Moscow Exchange.