PhosAgro AG LLC

Kirovsk, Russia

PhosAgro AG LLC

Kirovsk, Russia

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The partnership between PhosAgro, one of the world's largest producers of phosphate-based fertilizers, and World Chess by Agon Limited, which owns the global commercial rights to organise FIDE championship tournaments, was announced on 12 May 2017 during the official opening ceremony of the Moscow Grand Prix. Eighteen chess players from 12 countries will compete in the Moscow Grand Prix. Competitors include five Russian players: Alexander Grischuk, Evgeny Tomashevsky, Ian Nepomniachtchi, Peter Svidler and Ernesto Inarkiev PhosAgro CEO and Russian Chess Federation Board of Trustees Andrey Guryev said: "PhosAgro has been the permanent general partner of the Russian Chess Federation for seven straight years. The philosophy of chess and the development of the Company are very similar: both are based on strategic thinking and the desire to calculate moves in advance in order to be one step ahead of the competition. These skills help us to maintain our leading position in the commodity markets of 100 countries across the world, including our priority Russian market. "We also support matches for the title of World Champion in Chess that take place in Russia, for example in Sochi in 2014, and matches involving Russian grandmasters, including New York in 2016 where Sergey Karjakin played a truly exciting game. Today, we are pleased to be the official partners of the Grand Prix competition taking place in the Russian capital, and we hope that we will see a Russian Grandmaster in the World Championship match next year. "We support the future of the Russian Chess School, popularising chess in those regions where we have a presence, opening chess classes in our sponsored schools and kindergartens, and financing the training of chess teachers. "In addition to supporting chess, we have been able to accomplish our business objective of increasing awareness of the PhosAgro brand and widening our base of potential investors and partners." Chess fans can watch the progress of the Grand Prix either in person or online at the website WorldChess.com . Head of World Chess Ilya Merenzon said: "I am happy that PhosAgro remains our partner. Our goal is to increase the popularity of chess worldwide and to make chess tournaments as entertaining as possible. During the World Championship, we realised that it is important for fans to see all aspects of the game. They are interested in how the grandmasters behave at the chess table and when they are relaxing. I am sure that this new type of broadcast will attract millions of new viewers from all over the world to their computer and television screens." Twenty-four grandmasters will take part in a series four of Grand Prix tournaments: the first was held in the UAE (Sharjah), the third will take place in Switzerland (Geneva), the fourth in Spain (Palma de Mallorca). As a result, two will receive vouchers for the Candidates' Tournament, which will take place 10 to 30 March 2018. The World Chess Championship match will take place in November of following year. Notes to Editors PhosAgro is one of the leading global vertically integrated phosphate-based fertilizer producers. The Company focuses on the production of phosphate-based fertilizers, feed phosphate and high-grade phosphate rock (P O content of not less than 39%), as well as ammonia and nitrogen-based fertilizers. The Company is the largest phosphate-based fertilizer producer in Europe, the largest producer of high-grade phosphate rock worldwide and the third largest MAP/DAP producer in the world (excluding China), according to Fertecon. PhosAgro is also one of the leading producers of feed phosphates (MCP) in Europe, and the only producer in Russia. PhosAgro has 2.1 billion tonnes of resources (according to JORC) of high quality apatite-nepheline ore. The Company's mines and phosphate rock production facilities are located in the mountainous areas of the Kola Peninsula in the Murmansk region of northwest Russia, whereas its fertilizer and feed phosphate production assets are located near the city of Cherepovets in the Vologda region and near the city of Balakovo in the Saratov region of southwest part of European Russia. PhosAgro's 2016 IFRS revenue was over USD 2.8 bln and EBITDA was USD 1.08 bln. For further information on PhosAgro please visit: www.PhosAgro.com


The partnership between PhosAgro, one of the world's largest producers of phosphate-based fertilizers, and World Chess by Agon Limited, which owns the global commercial rights to organise FIDE championship tournaments, was announced on 12 May 2017 during the official opening ceremony of the Moscow Grand Prix. Eighteen chess players from 12 countries will compete in the Moscow Grand Prix. Competitors include five Russian players: Alexander Grischuk, Evgeny Tomashevsky, Ian Nepomniachtchi, Peter Svidler and Ernesto Inarkiev PhosAgro CEO and Russian Chess Federation Board of Trustees Andrey Guryev said: "PhosAgro has been the permanent general partner of the Russian Chess Federation for seven straight years. The philosophy of chess and the development of the Company are very similar: both are based on strategic thinking and the desire to calculate moves in advance in order to be one step ahead of the competition. These skills help us to maintain our leading position in the commodity markets of 100 countries across the world, including our priority Russian market. "We also support matches for the title of World Champion in Chess that take place in Russia, for example in Sochi in 2014, and matches involving Russian grandmasters, including New York in 2016 where Sergey Karjakin played a truly exciting game. Today, we are pleased to be the official partners of the Grand Prix competition taking place in the Russian capital, and we hope that we will see a Russian Grandmaster in the World Championship match next year. "We support the future of the Russian Chess School, popularising chess in those regions where we have a presence, opening chess classes in our sponsored schools and kindergartens, and financing the training of chess teachers. "In addition to supporting chess, we have been able to accomplish our business objective of increasing awareness of the PhosAgro brand and widening our base of potential investors and partners." Chess fans can watch the progress of the Grand Prix either in person or online at the website WorldChess.com . Head of World Chess Ilya Merenzon said: "I am happy that PhosAgro remains our partner. Our goal is to increase the popularity of chess worldwide and to make chess tournaments as entertaining as possible. During the World Championship, we realised that it is important for fans to see all aspects of the game. They are interested in how the grandmasters behave at the chess table and when they are relaxing. I am sure that this new type of broadcast will attract millions of new viewers from all over the world to their computer and television screens." Twenty-four grandmasters will take part in a series four of Grand Prix tournaments: the first was held in the UAE (Sharjah), the third will take place in Switzerland (Geneva), the fourth in Spain (Palma de Mallorca). As a result, two will receive vouchers for the Candidates' Tournament, which will take place 10 to 30 March 2018. The World Chess Championship match will take place in November of following year. Notes to Editors PhosAgro is one of the leading global vertically integrated phosphate-based fertilizer producers. The Company focuses on the production of phosphate-based fertilizers, feed phosphate and high-grade phosphate rock (P O content of not less than 39%), as well as ammonia and nitrogen-based fertilizers. The Company is the largest phosphate-based fertilizer producer in Europe, the largest producer of high-grade phosphate rock worldwide and the third largest MAP/DAP producer in the world (excluding China), according to Fertecon. PhosAgro is also one of the leading producers of feed phosphates (MCP) in Europe, and the only producer in Russia. PhosAgro has 2.1 billion tonnes of resources (according to JORC) of high quality apatite-nepheline ore. The Company's mines and phosphate rock production facilities are located in the mountainous areas of the Kola Peninsula in the Murmansk region of northwest Russia, whereas its fertilizer and feed phosphate production assets are located near the city of Cherepovets in the Vologda region and near the city of Balakovo in the Saratov region of southwest part of European Russia. PhosAgro's 2016 IFRS revenue was over USD 2.8 bln and EBITDA was USD 1.08 bln. For further information on PhosAgro please visit: www.PhosAgro.com


News Article | May 24, 2017
Site: www.forbes.com

Oleg Deripaska is already worth over $5 billion. But if a planned IPO of his En+ Group goes through at the current valuation of $10 billion, he will most certainly gain much more. What is expected to become the largest London Stock Exchange for the year proves one thing to the Russian naysayers out there: American and European investors want to be in this market. Imagine what happens when sanctions lift? “Hard to say about the future performance of En+, but we believe the valuation may reach 7 times EBITDA,” says Oleg Petropavlovskiy, an equity analyst for BCS Financial Group in Moscow. En+ Group recently posted adjusted consolidated EBITDA of $2.3 billion for 2016. Based on BCS’ multiple, En+ Group's valuation can exceed the rumored estimate of $10 billion. The average enterprise value to EBITDA for metals & mining and power companies, according to NYU estimates, is currently about 12 times in emerging markets. Back in 2011, VTB Capital valued the group at $11.5 billion. The company is a hydropower and aluminum conglomerate similar to Norway's Norsk Hydro (NHYDY), but with a larger scale. It combines over 15 gigawatts of hydroelectric dams with the 4.2 million tons of aluminum production capacity of its controlled company Rusal, which is its key hydroelectricity consumer. “Basically we convert our low-cost hydropower into aluminum and sell it to the world,” says En+ Chief Executive Maxim Sokov, declining to comment on the IPO. Oleg Deripaska is one of the country's A-listers. Most of his wealth comes from aluminum – he runs Rusal, the world’s largest aluminum producer outside of China. Rusal listed on the Hong Kong exchange back in 2010 and brought in $2.2 billion then. It is the biggest revenue driver to En+ Group. Deripaska thinks he can raise that much capital again by listing En+ Group in London. Some in the market think he won't get as close to that this time, despite runaway valuations already in European equities. Rusal shares are up 47.6% over the last 12 months, but are still below their value at the launch in January 2010. Most likely the proceeds would be used to stretch out En+ Group's $5 billion debt, with all of it going to En+, says BCS. The company’s biggest lenders are Russian – VTB Bank and Sberbank. Within the En+ Group, Rusal accounts for nearly 65% of revenue. Group’s consolidated revenue last year was $9.7 billion, the company said on April 18. The company was considering listing En+ in Hong Kong, too, but chose London because there is a larger investor base, market sources said. Due to Deripaska's profile, an investment in En+ Group is more than an investment in Russian energy and metals, long a mainstay of what makes the country tick. It’s an investment in him. "I met Oleg at a small group meeting in 2010, and he is quick witted, eloquent and a passionate guy," says Mike Reynal, chief investment officer for Sophus Capital, a $560 million asset manager headquartered in Des Moines. "Oleg is very conversant with global topics and is happy to discuss difficult topics transparently," he says. Reynal said he was not aware of the En+ Group IPO. People close to the deal said that En+'s equity investment proposition ‎lies in the symbiotic relationship between its hydropower and aluminum production. It allows the company to have the lowest cost of aluminum production globally and makes it one of the cleanest producers in the industry due to use of renewable energy. En+ also looks to set benefit further from Rusal’s brownfield Siberian projects with 1 million tons of additional capacity at a time when the massive aluminum-producing Chinese market is consolidating and cutting output as part of a drive to reduce pollution in cities across the country. En+ has excess hydro capacity, which means it can boost output without additional investment to cover growing demand for electricity in Siberia from new aluminum smelters as well as other energy-intensive projects that are under way. Vladimir Sklyar, an equity analyst with Renaissance Capital in Moscow, thinks Rusal is currently priced too low compared to its peers. "We see few reasons for the discount," he says. Rusal trades at 6.6 times earnings. "I think there is substantial upside in Rusal's fair value." Recent Renaissance Capital research gave a massive 100% upside potential for Rusal shares over the next 12 months. If Deripaska adds another billion to his name, and gets his $2 billion IPO yet again, this time in London, he would now have two of Russia's biggest IPOs under his wing. As of 2013, the three largest Russian IPOs were the London listed TCS Bank ($1.1 billion), diamond miner Alrosa ($1.3 billion) and VTB Bank ($1.1 billion), both listed in Moscow. In February, Russian toy-store giant Detsky Mir raised $355 million on the Moscow exchange. They're known for their four-story-tall store in the city, complete with all the Americanized bells and whistles, spruced up with the usual Russian over-the-top fare like indoor carousels. It's a hybrid between FAO Schwarz and the old Toys 'R' Us in Times Square. Foreign investors got the idea and bought it. "We are definitely seeing greater interest this year in new Russian equities," says Tom Blackwell, CEO of EM, an emerging-markets investor-relations advisory that recently worked on the PhosAgro euro bond in April. All of this is happening at a time when Russia has become the American bogeyman. Even Deripaska himself got caught in the crosshairs. He paid for an advertisement in the WSJ to counter the narrative that he was part of a consulting group's clientele, led by former Trump campaign advisor Paul Manafort, to influence the U.S. media in favor of Vladimir Putin. On May 16, Politico reported that Deripaska was suing the Associated Press for libel over its reporting on the relationship. The article stated that Deripaska was using Manafort to promote the Russian government. Deripaska did work with Manafort, but their contract ended in 2009. Russia continues to be the bad guy in the U.S. and Europe, but three years of an anti-Russia tilt has not been enough to turn investors away. "Foreign investors have not abandoned Russia," says Reynal. "We are doing very well with private sector companies there." En+ Group and Rusal are not sanctioned like other Russian firms, namely banks and the big state-controlled oil and gas companies. The subsidiaries of U.S. investment banks Goldman Sachs and J.P. Morgan, following three years of sanctions, have become the top three investment banks this year in Russia by deal volume. Deripaska even picked Citibank as the lead bank on the issue. J.P. Morgan is part of the team as well as UBS, Credit Suisse, Société Générale and sanctioned Russian lenders Sberbank and VTB Capital. "I think the En+ Group's valuation looks rather punchy," Blackwell says. "There is a question whether the appetite is there to absorb all that money in just one Russian stock. It's a good business. But a lot will come down to valuation," he says. Find me on Twitter at @BRICBreaker


This Business Council, which has been part of the Russian Chamber of Commerce and Industry since 2003, is a partner of the Argentinean Argentine-Russian Business Council (headed by Antonio Estrany y Gendre, President of the Inter-American Council for Trade and Production and Co-Chairman of the Mercosur-EU Business Forum). The Council's main tasks are the development of business ties and the establishment of mutually beneficially cooperation between Russian and Argentinean companies. It offers assistance to companies from Russia and Argentina in the search for business partners in both countries and increases trade turnover between countries through specific projects in the field of trade and investment. The event was attended by Vice President of the Russian Chamber of Commerce Vladimir Padalko; Executive Vice President of the Russian Union of Industrialists and Entrepreneurs Victor Cherepov; Director of the Latin American Department of the Ministry of Foreign Affairs of the Russian Federation Aleksandr Shetinin; Deputy Director of the Department for Asia, Africa and Latin America of the Ministry of Economic Development of Russia Sergey Nosov; CEO of PhosAgro Andrey Guryeev; Deputy CEO for Government Relations of PhosAgro Valerii Fedorov; and representatives of the business community. Commenting on his election as head of the Russia-Argentina Council of Entrepreneurs, PhosAgro CEO Andrey Guryev noted that he sees his main task in the post to be the consolidation of services for Russian businesses, improving the effectiveness of interactions with Argentina, in line with the work of the Chamber of Commerce and Industry of the Russian Federation and the Russian Union of Industrialists and Entrepreneurs, where he is already the chairman of the Russian-Argentine business dialogue. He said: "The task is not only to increase trade turnover between Russia and Argentina, but also to improve technology exchange in traditional, hydro and nuclear energy; oil, gas and chemical industries; and enhance the effectiveness of business cooperation, particularly in the agricultural sector. "As you well know, one of the most important and largest areas of trade between Russia and Argentina is in agro-industrial products and mineral fertilizers, necessary for increasing production efficiency. For the Russian mineral fertilizer industry, in addition to our domestic market, Argentina and the whole of Latin America represents one of the priority sales regions. In 2016, the volume of Russian fertilizers exported to Argentina increased 1.6 times to 521 thousand tonnes compared with 2015, and accounted for 43% of Russia's total exports to Argentina. "A further increase in fertilizer exports to Argentina could be facilitated by the removal of import duties on high quality DAP fertilizers made in Russia, which do not contain harmful elements. Our clean and pure products are subject to import duties, while fertilizers containing harmful impurities are imported duty-free. Until recently, similar restrictions were applied in Brazil, but, thanks to the joint efforts of Russian authorities and fertilizer producers, the duty was abolished in 2014. If Argentina follows this example, Argentine farmers will stand to benefit from the opportunity to buy at least an additional 200-300 thousand tonnes of safe, contaminant-free fertilizers. "I also know that there are issues that require quick solutions in other industries, within the framework of business associations of the two countries." The Director of the Latin American Department of the Ministry of Foreign Affairs of the Russian Federation Alexander Shetinin, noted that "the Russia-Argentina Council of Entrepreneurs, created 14 years ago, is called upon to facilitate the establishment of a direct business dialogue between the two countries. The election of Andrey Guryev as its chairman opens up new opportunities for intensifying such cooperation. "Argentina is an important political and business partner for us and our cooperation has long historical roots, significant achievements and a promising outlook. We have already achieved a lot, but we can do much more. To this end, Russia's major economic forums will be useful. First and foremost, this is the St Petersburg International Economic Forum, within which, for the fourth year, we will organise a regional section with the participation of representatives of political and economic blocs. This year with the partnership of UNIDO." Deputy Director of the Department for Asia, Africa and Latin America of the Ministry of Economic Development of Russia Sergey Nosov stressed that "the effectiveness of such associations is at its highest when the initiative comes from business. Within the framework of the Inter-governmental Russian-Argentiain Commission on Trade-Economics and Scientific-Technical cooperation, we are actively interacting with business circles, since it is very important for us to have a direct dialogue with the business community and support specific company projects. "We have to work on the qualitative improvement of our trade relations and diversification of commodity flows. The current structure of trade puts a high dependence of trade turnover on external factors, including the conjuncture in world markets." Vladimir Padalko, Vice President of the Chamber of Commerce and Industry, said that "when the council was created in 2003, it was a unique structure through which Russian entrepreneurs could interact with the Argentinian market. Then this activity stopped. Now, with new qualitative changes in the structure of the Business Council, we hope that we will be able to intensify Russian-Argentine cooperation within the Russian Chamber of Commerce and Industry." Viktor Cherepov, Executive Vice President and Managing Director of the Russian Union of Industrialists and Entrepreneurs, said that "the initiative for this appointment came from the Russian Union of Industrialists and Entrepreneurs and in fact, for the first time in history, the Union of Industrialists and Entrepreneurs and the Chamber of Commerce has united in its efforts at the Business Council. This should become an effective movement that can solve existing problems and increase cooperation between the two countries, in particular in increasing trade turnover." PhosAgro is one of the leading global vertically integrated phosphate-based fertilizer producers. The Company focuses on the production of phosphate-based fertilizers, feed phosphate and high-grade phosphate rock (P O content of not less than 39%). The Company is the largest phosphate-based fertilizer producer in Europe, the largest producer of high-grade phosphate rock worldwide and the third largest MAP/DAP producer in the world (excluding China), according to Fertecon. PhosAgro is also one of the leading producers of feed phosphates (MCP) in Europe, and the only producer in Russia. It is Russia's only producer of nepheline concentrate. PhosAgro's main products include phosphate rock, 33 grades of fertilizers, feed phosphates, ammonia, and sodium tripolyphosphate, which are used by customers in 100 countries spanning all of the world's inhabited continents. The Company's priority markets outside of Russia and the CIS are Latin America, Europe and Asia. PhosAgro's shares are traded on the Moscow Exchange, and global depositary receipts ("GDRs") for shares trade on the London Stock Exchange (under the ticker PHOR). Since 1 June 2016, the Company's GDRs have been included in the MSCI Russia and MSCI Emerging Markets indexes.


This Business Council, which has been part of the Russian Chamber of Commerce and Industry since 2003, is a partner of the Argentinean Argentine-Russian Business Council (headed by Antonio Estrany y Gendre, President of the Inter-American Council for Trade and Production and Co-Chairman of the Mercosur-EU Business Forum). The Council's main tasks are the development of business ties and the establishment of mutually beneficially cooperation between Russian and Argentinean companies. It offers assistance to companies from Russia and Argentina in the search for business partners in both countries and increases trade turnover between countries through specific projects in the field of trade and investment. The event was attended by Vice President of the Russian Chamber of Commerce Vladimir Padalko; Executive Vice President of the Russian Union of Industrialists and Entrepreneurs Victor Cherepov; Director of the Latin American Department of the Ministry of Foreign Affairs of the Russian Federation Aleksandr Shetinin; Deputy Director of the Department for Asia, Africa and Latin America of the Ministry of Economic Development of Russia Sergey Nosov; CEO of PhosAgro Andrey Guryeev; Deputy CEO for Government Relations of PhosAgro Valerii Fedorov; and representatives of the business community. Commenting on his election as head of the Russia-Argentina Council of Entrepreneurs, PhosAgro CEO Andrey Guryev noted that he sees his main task in the post to be the consolidation of services for Russian businesses, improving the effectiveness of interactions with Argentina, in line with the work of the Chamber of Commerce and Industry of the Russian Federation and the Russian Union of Industrialists and Entrepreneurs, where he is already the chairman of the Russian-Argentine business dialogue. He said: "The task is not only to increase trade turnover between Russia and Argentina, but also to improve technology exchange in traditional, hydro and nuclear energy; oil, gas and chemical industries; and enhance the effectiveness of business cooperation, particularly in the agricultural sector. "As you well know, one of the most important and largest areas of trade between Russia and Argentina is in agro-industrial products and mineral fertilizers, necessary for increasing production efficiency. For the Russian mineral fertilizer industry, in addition to our domestic market, Argentina and the whole of Latin America represents one of the priority sales regions. In 2016, the volume of Russian fertilizers exported to Argentina increased 1.6 times to 521 thousand tonnes compared with 2015, and accounted for 43% of Russia's total exports to Argentina. "A further increase in fertilizer exports to Argentina could be facilitated by the removal of import duties on high quality DAP fertilizers made in Russia, which do not contain harmful elements. Our clean and pure products are subject to import duties, while fertilizers containing harmful impurities are imported duty-free. Until recently, similar restrictions were applied in Brazil, but, thanks to the joint efforts of Russian authorities and fertilizer producers, the duty was abolished in 2014. If Argentina follows this example, Argentine farmers will stand to benefit from the opportunity to buy at least an additional 200-300 thousand tonnes of safe, contaminant-free fertilizers. "I also know that there are issues that require quick solutions in other industries, within the framework of business associations of the two countries." The Director of the Latin American Department of the Ministry of Foreign Affairs of the Russian Federation Alexander Shetinin, noted that "the Russia-Argentina Council of Entrepreneurs, created 14 years ago, is called upon to facilitate the establishment of a direct business dialogue between the two countries. The election of Andrey Guryev as its chairman opens up new opportunities for intensifying such cooperation. "Argentina is an important political and business partner for us and our cooperation has long historical roots, significant achievements and a promising outlook. We have already achieved a lot, but we can do much more. To this end, Russia's major economic forums will be useful. First and foremost, this is the St Petersburg International Economic Forum, within which, for the fourth year, we will organise a regional section with the participation of representatives of political and economic blocs. This year with the partnership of UNIDO." Deputy Director of the Department for Asia, Africa and Latin America of the Ministry of Economic Development of Russia Sergey Nosov stressed that "the effectiveness of such associations is at its highest when the initiative comes from business. Within the framework of the Inter-governmental Russian-Argentiain Commission on Trade-Economics and Scientific-Technical cooperation, we are actively interacting with business circles, since it is very important for us to have a direct dialogue with the business community and support specific company projects. "We have to work on the qualitative improvement of our trade relations and diversification of commodity flows. The current structure of trade puts a high dependence of trade turnover on external factors, including the conjuncture in world markets." Vladimir Padalko, Vice President of the Chamber of Commerce and Industry, said that "when the council was created in 2003, it was a unique structure through which Russian entrepreneurs could interact with the Argentinian market. Then this activity stopped. Now, with new qualitative changes in the structure of the Business Council, we hope that we will be able to intensify Russian-Argentine cooperation within the Russian Chamber of Commerce and Industry." Viktor Cherepov, Executive Vice President and Managing Director of the Russian Union of Industrialists and Entrepreneurs, said that "the initiative for this appointment came from the Russian Union of Industrialists and Entrepreneurs and in fact, for the first time in history, the Union of Industrialists and Entrepreneurs and the Chamber of Commerce has united in its efforts at the Business Council. This should become an effective movement that can solve existing problems and increase cooperation between the two countries, in particular in increasing trade turnover." PhosAgro is one of the leading global vertically integrated phosphate-based fertilizer producers. The Company focuses on the production of phosphate-based fertilizers, feed phosphate and high-grade phosphate rock (P O content of not less than 39%). The Company is the largest phosphate-based fertilizer producer in Europe, the largest producer of high-grade phosphate rock worldwide and the third largest MAP/DAP producer in the world (excluding China), according to Fertecon. PhosAgro is also one of the leading producers of feed phosphates (MCP) in Europe, and the only producer in Russia. It is Russia's only producer of nepheline concentrate. PhosAgro's main products include phosphate rock, 33 grades of fertilizers, feed phosphates, ammonia, and sodium tripolyphosphate, which are used by customers in 100 countries spanning all of the world's inhabited continents. The Company's priority markets outside of Russia and the CIS are Latin America, Europe and Asia. PhosAgro's shares are traded on the Moscow Exchange, and global depositary receipts ("GDRs") for shares trade on the London Stock Exchange (under the ticker PHOR). Since 1 June 2016, the Company's GDRs have been included in the MSCI Russia and MSCI Emerging Markets indexes.


Guriev A.A.,PhosAgro Holding Company | Rybnikov M.K.,PhosAgro AG LLC | Davydenko V.V.,Apatit JSC | Levin B.V.,Research Institute for Fertilizers and Insectofungicides NIUIF
Gornyi Zhurnal | Year: 2014

PhosAgro is the top producer of phosphorous fertilizers in Russia. PhosAgro group of companies includes fertilizer producers and an apatite concentrate manufacturer-Apatit Mining and Processing Integrated Works celebrating its 85th anniversary this year. Recently PhosAgro implements a series of investment projects aimed to develop the ore and raw material supplies base of Apatit and to upgrade the mineral dressing branch of the company. The emphasis in the development of Apatit is made on underground mining buildup, above all in the largest Kirovsk Mine that holds close to half of the overall nepheline ore reserves of the company. To this effect, the mine drives the second main shaft equipped with skip hoisting system, constructs an underground ore crushing plant and opens up new production levels. After the project accomplishment, the mine will reach the annual ore production of 14 Mt. The second project under implementation is introduction of emulsion explosives (EE) to underground mining. The technology of charging wet up holes with EE has been practiced to perfection. Actually, an EE manufacturing plant is under construction on the industrial site of Apatit JSC. The project is implemented jointly with Orica, Australia. Apatit is greatly concerned with the production control. In 2011 the automated motor transport dispatch system was introduced in Koashvinsky open pit mine. Each truck was equipped with a set of sensors and an onboard computer to record all technical data, malfunctions, location data etc. As early as the first operation year, the dispatch system demonstrated high efficiency expressed in terms of productiveness, fuel consumption and exhaust emission of operating trucks. In 2014 Apatit JSC is launching the same dispatch system in Rasvumchorr underground mine equipped with self-propelled load-haul- dumpers. Next in turn is Kirovsk mine. Apatit JSC actualizes a large-scale technical reequipment program at the own processing plants. The investment project of the ore milling and classifying unit remodeling is at the end. Eventually, recovery of marketable P2O5 has increased while the share of fine fractions has decreased. One more project described in the article deals with the heat supply of the town of Kirovsk. By the end of 2013, the housing had been put on the heat supply by the remote Apatitskaya Thermal Power Station. This enabled closure of local fuel-oil boiling plants, which drastically improved the urban air.


Shepel A.V.,PhosAgro AG LLC | Sepp L.V.,Murmansk Regional Public Organization for Children and Young People New Horizons
Gornyi Zhurnal | Year: 2014

PhosAgro incessantly seeks out resources for optimization and effectivization of production. Particular attention is paid to the growth and development of personnel. Skilled and qualified staffing support of a company implicates finding and holding employees of no mean abilities, and also forming external personnel reserves. The PhosAgro-Classes Specialized Education Program aims to handle this problem. The project goal is to make provisions for influx of highly educated and professionally trained young people, by means of improvement of education quality, motivated occupational guidance, close support of university education, engagement in practical training and probation. PhosAgro, in its turn, lends assistance to tutoring in terms of information and material-and-technical resources, or excursions directly to mines and processing plants that extract and process apatite-nepheline ore in the Kirovsk-Apatity area. PhosAgro experts participate in many activities of the course on occupational guidance and accommodation of school-children. The regular monitoring and the material incentives of the vocational-oriented education course trainees yet more encourages pursuit of learning and development.


Davydenko V.V.,PhosAgro AG LLC | Levin B.V.,Research Institute for Fertilizers and Insectofungicides NIUIF | Loikov S.A.,PhosAgro AG LLC | Shepel A.V.,PhosAgro AG LLC
Gornyi Zhurnal | Year: 2014

It is by now over 10 years that the National Mineral Resources University (University of Mines), Saint Petersburg, and PhosAgro holding company have been carrying on cooperation in terms of team projects in the sphere of education and research, strategic planning of PhosAgro progression. At the present time, Apatit engages 377 graduates of the University of Mines, among which there are 247 engineers. The students have an opportunity to train at the company. The University structure includes the Khibiny technical college, which contributes to the professional education quality improvement. In the research sphere, the University scientific men have prepared a survey of the current condition and potential of phosphate ore and raw material supplies base in Russia and abroad, and performed an analysis of the ore and raw material supplies base of Apatit company. The management solutions and process designs targeted at the production advancement are proposed and substantiated. In particular, the researchers have explored extractability of the bottom and sidewall reserves of actual open pit mines. The higher priority joint project is the development of crystallization technology for concurrent recovery of rare earth metals from products of sulfuric acid treatment of apatite concentrate by dihydrate method.

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