EuroChem welcomes WTO ruling against Ukraine anti-dumping duties
The anti-dumping measures against ammonium nitrate imports from Russia were initially imposed by Ukraine in 2008.
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The anti-dumping measures against ammonium nitrate imports from Russia were initially imposed by Ukraine in 2008.
The scope of work concerns execution of engineering, supply of all equipment and materials and construction and erection works. The project is expected to be completed in 36 months once it become effective.
The company received credit approval for a US$200 million senior debt facility earlier this year.
The company has said that there will be a delay to the the time required to bring the Elandsfontein phosphate mine in South Africa to production.
Russia lodged the case in May 2015, saying that Ukraine had been wrong not to use reported gas prices of Russian producers in determining the appropriate price for ammonium nitrate.
The shutdowns are at the company's Allan, Lanigan and Vanscoy potash mines in Saskatchewan, Canada.
The company also intends to repurchase US$250 million of stocks.
Highfield is to provide Ameropa up to 250 000 tpy of muriate of potash (MOP) from its Muga potash mine in Spain.
Hayden Locke, CEO, said that the completion of metallurgical testing at the company's Khemisset potash project in Morocco earlier this year was a "significant de-risking milestone" for Emmerson.
The industrial unit is expected to have a production capacity of approximately 1 million t upon completion.
The agreement allows the company to continue to optimise its logistics and port options for the Lake Wells Sulphate of Potash Project.
The two phosphate mines in Brazil were idled in April after the company was unable to obtain a deadline extension for providing stability certification for three of its tailings dams.