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December 11, 2014

NMDC consortium to acquire stake in Acron’s $2bn potash mine project

A consortium led by Indian mining company NMDC has signed a memorandum of understanding with Russian fertiliser producer Acron to acquire a 30% stake in its $2bn potash mine project.

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A consortium led by Indian mining company NMDC has signed a memorandum of understanding with Russian fertiliser producer Acron to acquire a 30% stake in its $2bn potash mine project.

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As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
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NMDC will have 15% interest in the project, while Rashtriya Chemicals and Fertilizers (RCF), Kribhco, FACT and National Fertilizers will share the remaining 15%, reports Business Standard.

Verkhnakamsk Potash Company (VPC), a subsidiary of Acron, is undertaking the project to develop the Talitsky Potassium-Magnesium deposit in Perm Krai, Russia.

According to an official statement, the agreement was signed by NMDC chairman and managing director Narendra Kothari and Acron senior vice-president Alexander Popov.

"Indian Potash is a major importer of potash while Russia and Ukraine are major suppliers."

Potash was imported at an average price of $390 per tonne in 2013-14.

Indian Potash is a major importer of potash while Russia and Ukraine are major suppliers.

Said to be a decontrolled fertiliser, potash is any of various mined and manufactured salts that contain potassium in water-soluble form.

The product is primarily used in the form of Muriate of Potash (MoP) by farmers as soil nutrient, as well as in the manufacturing of complex NPK fertilisers.


Image: Acron’s production facility. Photo: courtesy of Acron.

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Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
by GlobalData
Enter your details here to receive your free Report.

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