During the St Petersburg International Economic Forum, a special investment contract was signed by the Ministry of Industry and Trade of the Russian Federation, the Government of Perm Krai, and Verkhnekamsk Potash Company (part of Acron Group). The agreement will establish an industrial-scale production facility at the Talitsky area of the Verkhnekamsk potassium-magnesium salt deposit, with an annual capacity of 2 million t of potassium chloride.
The contract was signed by Russian Minister of Industry and Trade Denis Manturov, Governor of Perm Krai Maksim Reshetnikov, and Chairman of the Board of Directors of Verkhnekamsk Potash Company Alexander Popov.
Popov noted, “The construction of the Talitsky mine is the most ambitious investment project in the [Acron] Group’s history. I am convinced that this project will significantly contribute to social and economic development in the region and give an additional boost to the entire mineral fertiliser industry.”
Minister Manturov stressed the project’s importance to the region: “The development of the potassium-magnesium salt deposit and construction of a state-of-the-art mining and processing facility is very important for both the industry and the region. The contract will contain special measures to promote the Company’s activities in the industry on stable and fixed conditions and will help create new jobs”.
Perm Krai Governor Reshetnikov said, “VPC’s new production facility is an export-oriented project that will deliver its first product as soon as 2023. This is especially important for Perm Krai, as we expect investors to create new, well-paying jobs.”
The mine is expected to create over 2000 jobs and reach design capacity in early 2026.
Read the article online at: https://www.worldfertilizer.com/special-reports/14062019/vpc-signs-special-investment-contract-to-create-industrial-scale-potassium-chloride-production-facility-in-perm-krai/