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Belarus ranked third among world's top potash salt exporters

Economy 21.12.2016 | 17:57
Belaruskali. An archive photo
Belaruskali. An archive photo

MINSK, 21 December (BelTA) – Belarus is the world's third largest exporter of potash salt. Deputy Prime Minister of Belarus Mikhail Rusy made the statement during the joint session of the House of Representatives and the Council of the Republic of the National Assembly of Belarus on 21 December, BelTA has learned.

According to the source, three deposits and two fields of potash salt have been found in Minsk Oblast and Gomel Oblast. Their total reserves are estimated at 7.5 billion tonnes. The Starobinskoye deposit is a new one and is being actively developed. Belarus is the world's third largest exporter of potash fertilizers after Canada and Russia.

The Deputy Prime Minister of Belarus said the country's potassium industry develops rather fast despite frequent fluctuations of prices for fertilizers on the global market. “With considerable raw materials available, Belaruskali is one of the world's largest producers of potash salts,” said the official.

Mikhail Rusy stated that the implementation of two investment contracts will help Belarus retain its position on the market of potash fertilizers. The construction of the Nezhinsky mining and processing factory with the annual output capacity of at least 1.1 million tonnes of potassium chloride began in Minsk Oblast on 11 September 2015 with assistance of the head of state. Slavkaliy is the investor. Apart from that, Belaruskali is busy implementing an investment project for the commercial development of the Petrikovskoye potash salt deposit in Gomel Oblast. A mining and processing factory able to make at least 1.5 million tonnes of potassium chloride per annum will be built and commissioned as part of the project.

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