Uralkali
 |
|
| Public | |
| Traded as | MCX: URKA |
| Industry | Chemical |
| Founded | 1934 |
| Headquarters | Berezniki, Perm Territory, Russia |
|
Key people
|
Sergey Chemezov (Chairman) Dmitry Osipov (CEO) |
| Products | Potash fertilizers |
| Revenue |
 US$3.12 billion (2015) |
| Profit |
US$184 million (2015)
|
|
Number of employees
|
11,000 |
| Website | www |
Uralkali is a Russian potash fertilizer producer and exporter. It is traded on the Moscow Exchange using the symbol, URKA. The Company’s assets consist of 5 mines and 7 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Territory, Russian Federation). Uralkali employs ca.11,000 people (in the main production unit).
The company produces standard and granular potassium chloride (KCl) and supplies it (through its own trader Uralkali Trading) to over 60 countries, with the major markets including Brazil, India, China, Southeast Asia, Russia, USA, and Europe. In 2015 Uralkali produced 11.4 million tonnes of potash (KCl)
Uralkali develops Verkhnekamskoye field of potassium and magnesium salts, world's second largest in terms of potash ore reserves. The Company’s total ore reserves total approximately 8.2 billion tonnes. Uralkali holds the development licences for the Ust-Yayvinsky and Polovodovsky blocks at the Verkhnekamskoye field, which contain ore reserves of 1.291 and 3.074 billion tonnes respectively. Uralkali also holds the development licence for the Romanovsky Block of the Verkhnekamskoye deposit with the estimated reserves of 385 million tonnes of sylvinite ore.
As of 5 October 2016, Uralkali's shareholder structure is as follows: 5.61% free float, 20.00% Rinsoco Trading Co. Limited, 19.99% UralChem, 54.40% Quasi-treasury shares.
In 1926, the USSR State Planning Committee Presidium approved a resolution to develop the Soviet potash industry around Solikamsk, Perm Territory, and its adjacent fields. In 1934 the First Potash Mining Complex was launched in Solikamsk, later followed by another two mine and plants in Solikamsk and fours mines and plant in Berezniki. The Soyuzkali Group was renamed as Uralkali in 1964.
Uralkali became a joint stock company in 1992 encompassing production facilities in Berezniki, while production facilities in Solikamsk formed OJSC Silvinit. The major shareholding of Uralkali was accumulated by Dmitry Rybolovlev. In summer 2010, Rybolovlev sold his stake in Uralkali to investment vehicles, which were beneficially owned by Suleiman Kerimov, the metals tycoon, Alexander Nesis, another metals tycoon, and Filaret Galchev, a cement magnate, respectively.
In December 2010, Uralkali announced plans to buy another Russian potash producer Silvinit; together they would form one of the world's largest potash producers. The merger was finalized in June 2011, with the combined Uralkali accounting for about 20% of the world's potash production.
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Wikipedia