Uralkali, Silvinit report production totals

Russia-Uralkali, Berezniki, and Silvinit, Solikamsk, have announced their production results for 2010. In 2010, Uralkali produced approximately 5.1 million mt of potassium chloride (KCl), which is 1.9 times higher than in 2009. Silvinit produced 5.2 million mt of KCl in 2010, a 1.5-fold increase over 2009. “The aggregate production of Uralkali and Silvinit in 2010 exceeded 10 million mt and thus matched the world’s leading potash producers’ production levels,” said Pavel Grachev, Uralkali president and CEO. “In 2010, we took the first step towards the combination of the two potash producers and creation of a leader in the global potash sector. Down the line, the combined company plans to increase production levels in order to meet the growing potash demand by implementing brownfield development projects at BKPRU-4 and SKRU-3, and greenfield development projects at Verkhnekamskoe field.” Vladislav Baumgertner, Silvinit CEO, said it would be fair to call last year the rebound time for the potash industry. “The demand for potash has increased significantly, and we have a strong belief this growth will continue. We estimate that the global potash market will grow up to 55-60 million mt in 2011. Potash consumption will remain mostly concentrated in China, India, Brazil, and Southeast Asia.”