Phosphate miner finds a Russian buyer
24th Apr 2012
LONDON, Apr 24 – Phosphate miner Sunkar Resources has pinpointed new industrial customers for its Chilisai phosphate rock mine in Aktobe Oblast, northwest Kazakhstan after contracting to supply 16,000 metric tons to a Russian fertiliser manufacturer.
The contract is for delivery on a free-carrier basis during April-May, with the first shipment departing on April 18. The buyer plans to convert of bulk Chilisai phosphate rock into complex chemical fertilisers.
Sunkar says the phosphate rock, which will grade at least 17% P2O5 (phosphorus pentoxide), is ground to meet technical conditions at the Chilisai milling and loading complex. The complex has been test-run after an idle period and is due to be running at full rate by the end of April.
CEO Serik Utegen welcomed the first commercial shipments to industrial users. “If we are able to sustain sales to industrial users, then we will produce welcome cashflow for the company," he said.
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