07 November 2012 16:13 [Source: ICIS news]
Russian regulatory agency Glavgosexpertiza has approved the first stage of the Talitsky potash project – developed by Acron subsidiary Verkhnekamsk Potash Company, Acron said in a statement.
The first stage of the Talitsky project is expected to be on stream in 2016, with a capacity of 1m tonnes/year of potassium chloride. The project’s capacity is expected to reach 2m tonnes/year by 2018, and the facility is estimated to cost $2bn (€1.6bn).
The reserves of the Talitsky potash deposit, located in Russia's Perm region, are estimated at 157m tonnes, according to Acron.
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