Acron Group has extended options to buy back two share tranches in CJSC Verkhnekamsk Potash Co. (VPC) until December 2023 in the case of a 19.5% tranche, and until February 2024 for a 10% tranche, according to an Interfax report.
Acron currently owns 50% plus one share in VPC, the subsidiary developing the Talitsky potash mine project in Russia’s Perm Region. Russian banks Sberbank Investments, Otkritie Bank, and VTB Group reportedly hold the remaining shareholdings in VPC.
Acron reported in March that VPC had completed the construction of the skip and cage shafts at Talitsky (GM March 10, p. 29). When completed, Talitsky will have an initial capacity of 2 million mt/y of potassium chloride, with the potential for further expansion to 2.6 million mt/y.