EuroChem Fertilizers to Invest $2 Bln in Kazakh Deposits

February 29. RIA Novosti. MOSCOW

EuroChem Fertilizers to Invest $2 Bln in Kazakh DepositsRussia’s largest mineral fertilizer producer EuroChem will invest $2 billion to develop phosphorus deposits of the Karatau basin in the south of Kazakhstan over the next few years, company spokesman Vladimir Torin said late on Tuesday.

“[The company] will build a mining and processing plant in the town of Zhanatas to produce phosphorus and in Karatau town to produce nitrogen fertilizers,” Torin told the Prime news agency.

The processing plant will be built on the basis of Sary-Tas enterprise suspended 18 years ago. Designed capacity of the fully renovated enterprise may amount to over one million ton of fertilizers per year.

“EuroChem plans to sell the produce from the new plants not only in Kazakhstan but also export them to Russia and Belarus,” Torin added.