Amendments were submitted to the Russian Legislature (State Duma) for the establishment of a rental coefficient as of Jan. 1, 2025, for the extraction of potassium salts in the amount of 8.8, and an increase in the rental coefficient for the extraction of apatite-nepheline, apatite, and phosphorite ores from 7 to 15.5, Interfax reported.
This marks an increase from the initial proposal of a potassium salt coefficient of 8.1 and an apatite/phosphorite coefficient of 14. The rent increases would generate additional budget revenue 10.3 billion rubles for potassium salts and 14.3 billion rubles for apatite/phosphorite per year, or approximately $112 million and $157 million, respectively.