Hundreds of thousands of tonnes of fertilizer enter Canada through the Port of Montreal during the spring seeding season destined for farms across Eastern Canada.
The company recorded net income of US$157 million, or US$0.41 per share, for 1Q21.
The company's net profit in 1Q21 was RUB5604 million, against a loss of RUB10 174 million in 1Q20.
More Phosphates news
According to experts, the change means that an additional 2 million t of apatite-nepheline ore will be mined from the open pit southwestern side.
Through dltledgers’ blockchain platform OCP Group delivered phosphate fertilizers from Morocco to Ethiopia, making OCP Group the first African company to execute an intra-African trade transaction using blockchain.
The company has released its audited consolidated IFRS financial statements for 2020 and said it has launched three projects – construction of a calcium nitrate production facility and upgrading of the Ammonia-3 unit at its Novgorod site, and construction of a nitric acid unit at its Dorogobuzh site.
The company has opened a new monoammonium phosphate (MAP) production facility, with a capacity of 231 000 tpy, at its Volkhov site in the Leningrad region of Russia.