March 1, 2012
In order to develop phosphorus deposits of the Karatau basin in the south of Kazakhstan over the next few years, Russia's EuroChem will invest US$2 billion, company spokesman Vladimir Torin said late on Tuesday (Feb 28).
"[The company] will build a mining and processing plant in the town of Zhanatas to produce phosphorus and in Karatau town to produce nitrogen fertilisers," Torin told the Prime news agency.
The processing plant will be built on the basis of Sary-Tas enterprise suspended 18 years ago. Designed capacity of the fully renovated enterprise may amount to over one million tonne of fertilisers per year.
"EuroChem plans to sell the produce from the new plants not only in Kazakhstan but also export them to Russia and Belarus," Torin added.