EvroKhim MKHK started to drill the Cock-John phosphorite field located in Kazakhstan, the company informed.
The development is provided by EvroKhim-Fertilizers. The capacity of the plant is assumed to reach 640ths ton/y. The project involves the building of the mining and chemical complexes. At the first stage $120mln will be invested in the project which is of high importance for the realization of the raw strategy of the Company. Now 75% of the needs are covered.
EvroKhim MKHK (TIN 7721230290) is the largest producer of mineral fertilizers. It is included into the 3-list of European leaders. The Company involves production and extraction entities, logistic companies and sale network.
The 2011-net profit (IAS) rallied up 59% to 32bn rub. from 20.1bn rub. prior year; revenues increased one thirds to 131.3bn rub. from 97.8bn rub.; EBITDA - 66% to 49.7bn rub. from 29.9bn rub.
The 2012 net profit (RAS) moved up 47% to 20.591bn rub. from 13.979bn rub. prior year; revenues being down 26% to 1.456bn rub.; losses from sales declined 23.7% to 362mln rub. from 474mln rub.