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Released July 31, 2017 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Fertilizer potassium, known as "potash," is an essential mineral for farmed foods. In the global Potash, Soda & Borate Minerals industry, Industrial Info is tracking 23 project starts and finishes, totaling $10.7 billion for the remainder of the year, with Russia claiming the lion's share of $7.6 billion with 10 projects.
Russia expects major finishes in the fourth quarter of this year. In particular, fertilizer giant EuroChem (Zug, Switzerland) is pursuing the most expensive potash venture: $2.5 billion Verkhnekamsk potash mine and processing plant project in the town of Usolye in Russia. At the Verkhnekamsk Usolskiy Carnallite Ore Reserves, EuroChem is fashioning a potash mine, utilizing two skip shafts to produce 2.3 million metric tons per year (T/yr) of potash fertilizer.
In addition, EuroChem is continuing with Phase 1 of its Gremyatchinskoe Project with the $1.6 billion Gremyatchinskoe potash processing plant in Kotelnikovo, Volgograd, constructing a 2.3 million T/yr potash processing plant at the Verknekamshoe Potash Deposit. Both the Verkhnekamsk and Gremyatchinskoe plant projects kicked off in 2012 and anticipate completion this December. For more information, see Industrial Info's reports on the Verkhnekamsk and the Gremyatchinskoe processing plant projects. Additional information can be found in the May 8, 2017, article - New Potash Mine Capacity Comes Online Amid $70 Billion Project Development Push.
Verkhnekamsk Potash Company ZAO, a subsidiary of Russia's Public Joint Stock Company Acron, is focused on the $700 million Berezniki Talitsky potash mine and processing plant project in Berezniki. At the Talitsky area, Company ZAO is building a 1 million T/yr underground room and pillar mining operation and plant to produce potash for export. The project kicked off in 2012, with completion expected by this late December. For more information, see Industrial Info's project report.
Uralkali JSC is continuing with construction on the $700 million Ust-Yayvinsky Potash Mine Shaft #1 in Bereniki. At the Ust-Yayvinsky Deposit, the company is drilling 50 freeze wells for a mine with an overall annual resource of 11 million T/yr of deep-seated potash ore. A 6.3-kilometer conveyor belt will be built to transport ore. The project kicked off in 2012, with completion expected by mid-September. For more information, see Industrial Info's project report.
Although Canada falls far behind Russia in potash spending for the rest of 2017, it boasts the most spending in the potash industry in North America for the remainder of the year, with Industrial Info tracking $1.8 billion worth of projects in Canada.
Since the project's start in 2012, the Mosaic Potash Esterhazy Limited Partnership, a subsidiary of the Mosaic Company (NYSE:MOS) (Plymouth, Minnesota), is engaged with its $1.5 billion K-3 stage 2 potash mine in Esterhazy, Saskatchewan. As part of a two-stage expansion of the Esterhazy potash operations, the company is constructing a satellite, 3 million T/yr underground mine operation and 11-kilometer enclosed overland conveyor system to transport ores to the K-2 processing plant, to produce 900,000 T/yr of potash, increasing Esterhazy operation total capacity to 7 million T/yr. The project expects completion by this early October. For more information, see Industrial Info's project report.
With Essel Group ME (Mumbai, India) as executive manager, Gensource Potash is engaged in the preliminary design of the $190 million Vanguard potash selective solution mine and mill in Tugaske, Saskatchewan, set to kick off this December. Upon approval, the company is set to build a selective-dissolution, horizontal-cavern mining operation and crystallization processing plant to produce 250,000 T/yr of potash over a 100-year mine life. Completion is expected in July 2019. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
Russia expects major finishes in the fourth quarter of this year. In particular, fertilizer giant EuroChem (Zug, Switzerland) is pursuing the most expensive potash venture: $2.5 billion Verkhnekamsk potash mine and processing plant project in the town of Usolye in Russia. At the Verkhnekamsk Usolskiy Carnallite Ore Reserves, EuroChem is fashioning a potash mine, utilizing two skip shafts to produce 2.3 million metric tons per year (T/yr) of potash fertilizer.
In addition, EuroChem is continuing with Phase 1 of its Gremyatchinskoe Project with the $1.6 billion Gremyatchinskoe potash processing plant in Kotelnikovo, Volgograd, constructing a 2.3 million T/yr potash processing plant at the Verknekamshoe Potash Deposit. Both the Verkhnekamsk and Gremyatchinskoe plant projects kicked off in 2012 and anticipate completion this December. For more information, see Industrial Info's reports on the Verkhnekamsk and the Gremyatchinskoe processing plant projects. Additional information can be found in the May 8, 2017, article - New Potash Mine Capacity Comes Online Amid $70 Billion Project Development Push.
Verkhnekamsk Potash Company ZAO, a subsidiary of Russia's Public Joint Stock Company Acron, is focused on the $700 million Berezniki Talitsky potash mine and processing plant project in Berezniki. At the Talitsky area, Company ZAO is building a 1 million T/yr underground room and pillar mining operation and plant to produce potash for export. The project kicked off in 2012, with completion expected by this late December. For more information, see Industrial Info's project report.
Uralkali JSC is continuing with construction on the $700 million Ust-Yayvinsky Potash Mine Shaft #1 in Bereniki. At the Ust-Yayvinsky Deposit, the company is drilling 50 freeze wells for a mine with an overall annual resource of 11 million T/yr of deep-seated potash ore. A 6.3-kilometer conveyor belt will be built to transport ore. The project kicked off in 2012, with completion expected by mid-September. For more information, see Industrial Info's project report.
Although Canada falls far behind Russia in potash spending for the rest of 2017, it boasts the most spending in the potash industry in North America for the remainder of the year, with Industrial Info tracking $1.8 billion worth of projects in Canada.
Since the project's start in 2012, the Mosaic Potash Esterhazy Limited Partnership, a subsidiary of the Mosaic Company (NYSE:MOS) (Plymouth, Minnesota), is engaged with its $1.5 billion K-3 stage 2 potash mine in Esterhazy, Saskatchewan. As part of a two-stage expansion of the Esterhazy potash operations, the company is constructing a satellite, 3 million T/yr underground mine operation and 11-kilometer enclosed overland conveyor system to transport ores to the K-2 processing plant, to produce 900,000 T/yr of potash, increasing Esterhazy operation total capacity to 7 million T/yr. The project expects completion by this early October. For more information, see Industrial Info's project report.
With Essel Group ME (Mumbai, India) as executive manager, Gensource Potash is engaged in the preliminary design of the $190 million Vanguard potash selective solution mine and mill in Tugaske, Saskatchewan, set to kick off this December. Upon approval, the company is set to build a selective-dissolution, horizontal-cavern mining operation and crystallization processing plant to produce 250,000 T/yr of potash over a 100-year mine life. Completion is expected in July 2019. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
