Berezniki, Russia, 23-12-2014 — /EuropaWire/ — Uralkali (LSE: URKA; the Company), one of the world’s largest potash producers, continues its development of the Ust-Yayvinsky block of the Verkhnekamskoye deposit.
Vladimir Konovalov, head of the Ust-Yayvinsky mine construction project:
“Uralkali is successfully implementing the Ust-Yayvinsky mine construction project. Sinking operations for the shafts are running according to the planned schedule and in line with all safety regulations. All mine construction works are performed using industry-leading methods and technology.”
About the project
The project to develop the Ust-Yayvinsky block of the Verkhnekamskoye deposit includes the construction of a new mine with two mine shafts with an annual capacity of 2.8 million tonnes of potassium chloride. In December 2011, Uralkali signed a contract with Deilmann-Haniel Schachtostroj for the construction of the shafts at the Ust-Yayvinsky mine. The contract includes the development of working documentation, construction of temporary structures for the surface tunneling system, shaft sinking and the development of infrastructure for utilities. The sinking of shaft No.1 started in 2013. The mine will produce the first ore in 2020 and will enable Uralkali to replace the depleting ore reserves of the Berezniki-2 mine.
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 Region, Russia). Uralkali employs ca.11,300 people (in the main production unit). Uralkali’s shares and GDRs are traded on the Moscow Exchange and London Stock Exchange, respectively.
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