June 06, 2019 20:01
Industry Ministry, Perm Territory and Uralkali sign SPIC on Polovodovo and new Solikamsk-2 mine (Part 3)
ST. PETERSBURG. June 6 (Interfax) - The Russian Industry and Trade Ministry, the authorities of the Perm Territory and Uralkali (MOEX: URKA) have signed special investment contracts (SPIC) for construction of the Polovodovo potash mining and processing plant and the new Solikamsk-2 mine in the Perm Territory, an Interfax correspondent reported from the signing ceremony, which took place at the St. Petersburg International Economic Forum (SPIEF).
Overall investment in the Polovodovo mine, capacity 2.8 million tonnes of potassium chloride per year, will be 117.8 billion rubles. Investment in the Solikamsk-2 mine will be 36.8 billion rubles.
The companies will receive tax breaks stipulated by the SPIC. The contracts grant Uralkali the right to zero-rated profit tax until 2026 and zero property tax until 2029.
Uralkali said in a statement that according to the contracts, production should begin at Solikamsk 2 in 2024 and at the Polovodovo complex in 2027.
The two projects will create around 1,900 jobs.
Ng pr ak
(Our editorial staff can be reached at email@example.com)
July 21, 2019
AS MANY AS 19.24% OF VOTERS VOTED IN UKRAINIAN PARLIAMENTARY ELECTION BY NOON, ACCORDING TO DATA FROM 195 CONSTITUENCIES (OUT OF 199) - CEC
Zelensky would like an economist who never led govt or Rada to take prime minister's office, says consultations underway
LOOKING FOR NEXT UKRAINIAN PREMIER, ZELENSKY THINKS OF ECONOMIST WHO HAS NEVER LED GOVT OR RADA, OR PARLIAMENTARY FACTION
All polling stations working in Ukraine - CEC
Russian Soyuz MS-13 manned spacecraft docks with ISS
Russia to further help Syria protect national sovereignty, territorial integrity - Putin
RUSSIA AND FSU GENERAL NEWS
July 20, 2019
Injury toll from Ukrainian attack on Pervomaisk in Donbas soars to 7 - LPR prosecutors
Georgian campaigners for gay propaganda ban hand out treats for signatures
Russia's Soyuz spacecraft reaches orbit, on course towards ISS
Soyuz MS-13 carrying next ISS expedition launched from Baikonur
Ancient burial site of armed warriors found in Crimea
Moscow Election Commission on Saturday rally: no point in pressure, better prepare for elections