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Belaruskali spreads to Qatar, Brazil

Staff writer ▼ | August 9, 2013
Belarusian potash producer Belaruskali plans to conquer new markets and strengthen trading relationships in Qatar and Brazil. The new strategy came after the break-up of a Russian venture with Uralkali.
Belaruskali
BelaruskaliBelarusian potash producer Belaruskali plans to conquer new markets and strengthen trading relationships in Qatar and Brazil. The new strategy came after the break-up of a Russian venture with Uralkali.


The moves comes after Russia's Uralkali quit a marketing venture formed with Belaruskali, Belarusian Potash Company (BPC), and said it would funnel sales through a Swiss-based operation instead. With that move Uralkali sent prices for potash and the shares of a number of potash miners tumbling.

Belaruskali announced it had reached a framework agreement with a Qatar-based fertiliser marketing company, Muntajat, to co-operate on potash sales, giving it a second pillar alongside its previous marketing partner BPC.

"We will have not only one source of trading. We will sell jointly with the Qatar company, so we will have two sources of trading," Anatoly Makhlai, deputy chief executive of Belaruskali said.

Muntajat is ready to sell up to three million tonnes of Belaruskali potash per year, the company said in the statement. Belaruskali produced about 8 million tonnes of potash last year.

Belaruskali is also in talks with the Brazilian government on building infrastructure and potash distribution facilities.


 

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