PhosAgro Expands Phosphate Rock and Fertilizer Capacity

Key Asset: Medvedev (r.) and Andrei Zvonar, technical director of Apatit, promote agriculture sector. PhosAgro (Moscow) is progressing with plans to raise phosphate rock capacity at the Apatit complex on the Kola Peninsula, Russia. The company was recently granted permission by the Russian antitrust authorities to raise its stake in Apatit, a leading phosphate rock manufacturing complex in Russia, to 100%. PhosAgro is investing 6.9 billion rubles ($233.6 million) this year alone on the development of Apatit, a producer of high-grade phosphate rock with P2O5...

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