Last checked at 20 Dec 2011 07:15
For Immediate Release 20 December 2011
Update on Deliveries of Apatite Concentrate from Apatit
Moscow - PhosAgro ("the Company"), a leading global vertically integrated phosphate-based fertilizer producer, announces that it is currently working on restoring the production process at the Apatite-Nepheline Beneficiation Plant #2 (ANOF-2) of OJSC Apatit. The Company expects to re-launch the ANOF-2 beneficiation capacities within the course of the next week.
During this period, deliveries to clients will continue from Apatite-Nepheline Beneficiation Plant #3 (ANOF-3), as well as from Apatit's warehouse inventory.
On 16 December 2011 an accident occurred in the reagent block of ANOF-2 while a worker employed by PhosAgro subcontractor OJSC SPM was installing a new reagent container using electric welding equipment. As a result of the accident two employees of the subcontracting organization died and the reagent preparation building in the ANOF-2 crushing and flotation block was partially damaged. No employees of OJSC Apatit died as a result of this accident.
For further information please contact:
OJSC "PhosAgro"+7 495 231 2747Irina Evstigneeva, Head of Corporate Finance and Investor RelationsTimur Belov, Press OfficerM:CommunicationsUKStuart Leasor+ 44 20 7920 2317RussiaSam VanDerlip+7 495 663 8005Notes to Editors
PhosAgro is a leading global vertically integrated phosphate-based fertiliser producer. The Group focuses on the production of phosphate-based fertilisers, feed phosphate and high-grade phosphate rock, as well as ammonia and nitrogen-based fertilisers. In 2010, the Group was the largest phosphate-based fertiliser producer in Europe, the largest producer of high-grade phosphate rock worldwide and the third largest MAP/DAP producer in the world (excluding China) according to Fertecon. PhosAgro controls approximately 2.1 billion tonnes of high quality apatite-nepheline ore resources, which translates to over 75 years of production. The Group's strategic aim is to reinforce its position as a leading integrated global producer of fertilisers and to enhance overall value for its shareholders through increasing fertiliser and feed phosphate production capacities, utilising the full potential of its apatite-nepheline ore reserves base and continuing to improve operational flexibility and efficiency. PhosAgro is listed on the MICEX stock exchange (MICEX: PHOR) with its global depositary receipts listed on the London Stock Exchange (PHOR LI). The Group had revenues of approximately $2.5 billion in 2010 with EBIDTA of approximately $674 million. PhosAgro employs approximately 25,000 people.
For further information on PhosAgro please visit: www.PhosAgro.com