Uralkali spending $5.8B to boost capacity by 80%
The world's largest potash producer by output said today it plans to spend $5.8B to increase capacity over the next decade to take advantage of rising potash prices.
Uralkali (LON:URKA) said its expansion program includes both brownfield and greenfield mines.
Brownfield projects include 1.5 million tonnes of additional capacity at Berezniki 4, increased efficiencies and removal of bottlenecks at Berezniki-2 and 3, as well as Solikamsk-2 and -3, adding a million tonnes in total, and a two-phase expansion program at Solikamsk-3, increasing its capacity by 2 million tonnes.