Eurochem enters global potash race
[13.10.08 11:35]
Russia's Eurochem unveils 6-mn tonne potash output target.
EuroChem Signs $634 Million Contracts for Potash Mine
[10.10.08 09:41]
EuroChem, Russia's largest mineral fertilizer producer, signed contracts totaling $634 million to build a potash mine and plant in southern Russia, seeking to take advantage of a jump in prices for the nutrient.
EuroChem to Spend $2.5 Billion on Kazakhstan Fertilizer Plants
[10.10.08 09:45]
EuroChem, Russia's largest mineral fertilizer producer, plans to spend $2.5 billion on a phosphorus mine and three plants in Kazakhstan to expand fertilizer output.
Fertilizer's rising fortunes.
[26.09.08 14:43]
Potash is a raw material used to make potassium-rich fertilizer. The fertilizer is renowned for its ability to improve the taste, texture and nutritional value of many crops. It strengthens plants and helps them absorb water. It is mined from underground ore bodies that can run as deep as 3,000 metres that contain minerals left over from evaporated seas. Once mined, the ore is crushed and dumped into a brine solution. The salt and clay particles are removed and then the brine is left to dry - leaving behind potash. Only 12 countries have decent deposits - Canada, Belarus and Russia have the best. Global demand for potash is increasing at 5.6 per cent a year as farmers look to increase their yields, according to RBC Dominion Securities analyst Fai Lee.
Shaft Sinkers lands $271 million Russian contract.
[26.09.08 14:44]
The contract valued at $271-million (over R2-billion) is for the construction of a man and material shaft at one of the world's biggest potash deposits at Gremyachinskoye mine at Kotel'nikovo, approximately 100 km from the Volgagrad region in Russia and is believed to be one of the largest mining construction contracts entered into between a Russian and South African company.
Eurochem's move into Potash puts it into the global league.
[26.09.08 14:45]
Potash is already a hot sector on the market. Potash prices exceed $1000 per ton and have grown 10 times in the past 4 years. Attracted by the potential, Eurochem has launched the Gremyachinsky project. Eurochem General Director, Dmitry Stregnev, says inflation has driven up the cost of getting the project off the ground.
EuroChem signs Ђ400m mine deal.
[26.09.08 14:45]
EuroChem signed a Ђ205m contract with Thyssen Schachtbau GmbH and a $270m contract with Shaft Sinkers Pty Ltd to build a mine, said chief executive Dmitry Strezhnev.
Eurochem in $630M Deal to Develop Potassium Deposit.
[26.09.08 14:46]
KOTELNIKOVO, Volgograd Region -- Fertilizer maker Eurochem signed a $634 million deal with an international group of contractors on Thursday to help it develop a potassium deposit near the Volga River.
Eurochem won the rights to mine the Gremyachynskoye site in 2005 and has been developing it since 2006. The deposit contains potassium reserves of more than 1.2 billion tons, according to geological surveys.
EuroChem will invest 438 million rubles into implementation of investment and social projects in the Krasnodar Territory. Administration of the Krasnodar Territory and EuroChem MCC signed an agreement for social and economic cooperation.
[26.09.08 14:47]
On the 19th of September 2008 the Administration of the Krasnodar Territory and the management of the company EuroChem signed the agreement for social and economic cooperation. The agreement is signed within the framework of the VII International Investment Forum Sochi-2008.
EuroChem Mineral and Chemical Company, OJSC directs 438 million rubles for implementation of investment and social projects in the Krasnodar Territory.
11 million rubles in accordance with priorities of the social policy of the company are directed at support of children pre-school establishments, health care establishments, science and education establishments of the Belorechensky district, creation of EuroChem classes, support of veterans of the enterprise, children-junior sport school of the Olympic reserve in the city of Belorechensk and other projects.
427 million rubles are directed for environmental projects of EuroChem–BMU, LLC (Belorechenskie Minudobreniya). In particular, at the enterprise:
Russian fertiliser firm Eurochem signs $1.5 bln loan
[14.10.08 10:14]
Eurochem, a leading Russian fertiliser maker, on Tuesday secured a $1.5 billion syndicated loan from international banks in a deal hailed by the government as a sign of confidence in the crisis-hit Russian economy.
EuroChem Ups Stake in German Potash Maker
[01.12.08 14:30]
Russian fertilizer maker EuroChem raised its stake in German potash and salt supplier K+S on Friday, raising questions over its plans for the rival company.
EuroChem braucht westlichen Milliardenkredit
[23.10.08 10:22]
Das russische Mineral- und Chemieunternehmen EuroChem hat einen Kredit westlicher Banken uber 1,5 Milliarden US-Dollar (1,13 Milliarden Euro) aufgenommen.
Russian fertiliser firm Eurochem signs $1.5 bln loan
[23.10.08 10:29]
Eurochem, a leading Russian fertiliser maker, on Tuesday secured a $1.5 billion syndicated loan from international banks in a deal hailed by the government as a sign of confidence in the crisis-hit Russian economy.
EuroChem Secures $1.5Bln Loan
[22.10.08 10:15]
Fertilizer maker EuroChem on Tuesday secured a $1.5 billion syndicated loan from international banks in a deal hailed by the government as a sign of confidence in the crisis-hit Russian economy.
Russian fertiliser firm Eurochem signs $1.5 bln loan
[22.10.08 10:23]
Eurochem, a leading Russian fertiliser maker, on Tuesday secured a $1.5 billion syndicated loan from international banks in a deal hailed by the government as a sign of confidence in the crisis-hit Russian economy.
Russian fertiliser firm Eurochem signs $1.5 bln loan
[22.10.08 10:34]
Eurochem, a leading Russian fertiliser maker, has signed a finance agreement for a $1.5 billion, four-year syndicated loan from several major international banks.
EuroChem to take out syndicated loan
[22.10.08 10:42]
EuroChem has signed an agreement with several global banks on raising a four-year syndicated loan worth $1.5bn.
Syndication Closes For Eurochem's $1.5B Pre-Export Loan
[17.11.08 10:21]
Syndication has closed for a $1.5 billion, four-year, pre-export finance facility for OAO Eurochem, Russia's largest maker of nitrate fertilizers, the banks arranging the facility said Friday in a statement.