29 Dec 2016 12:36

Rosnedra extends Uralkali license to Verkhnekamskoye

MOSCOW. Dec 29 (Interfax) - Rosnedra has extended Uralkali's licenses to portions of the Verkhnekamskoye potassium-magnesium salts deposit in Perm Territory that were set to expire in 2017, the company said.

The license to the northern portion of the Solikamsky section (being developed by the Solikamsk-1 mine) was extended until 2047, to Novo-Solikamsky (Solikamsk-3) - until 2055, and Bygelsko-Troitsky (Berezniki-4) - until 2043.

Uralkali , one of the world's biggest potash producers, has about a 20% share of the global market.