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Orica to invest in explosives plant in Russia to supply PhosAgro

8:23 AM MDT | May 31, 2013 | Natasha Alperowicz

PhosAgro (Moscow), a leading fertilizer producer; and Orica (Melbourne) have signed a long-term agreement for Orica to supply emulsion explosives to PhosAgro for use at PhosAgro’s Apatit phosphate ore production enterprise, on the Kola Peninsula, Russia. The agreement is valued at 13.57 billion Russian rubles ($424.7 million) and extends from 2015 through 2024.   Orica, which won the deal in a competitive bidding process, will finance construction of an emulsion explosives production complex at Apatit with capacity for 70,000 m.t./year. Completion...

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