OREANDA-NEWS. On 14 March 2008 was announced, that "EuroChem" had won auction and now owns the right to use reserves of Palashersky and Balakhoncevsky areas of Verkhnekamsk potassium salt deposit. Now resource base of OJSC MCC EuroChem allows reaching output of 5-7 mln t of potassium chloride annually by 2018 that will make 10% of world potassium market.

Today OJSC Mineral-chemical Company EuroChem has won the auction to be entitled to use reserves of Palashersky and Balakhoncevsky areas of Verkhnekamsk potassium salt deposit. 4,087 mln Rubles were paid for explored reserves of the areas that have 1,553 t of sylvinite and 499 mln t of carnallite.

Annually not less than 40 bln. Rubles are invested in facilities that allow to produce 2-2.5 mln t of potassium each year. Together with potassium ores deposit development project that is underway in Volgograd region, resource base of EuroChem will allow reaching output of 5-7 mln t of potassium chloride annually by 2018 that will make 10% of world potassium market.