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11 Sep 2015

New Belarusian potash mine to export a lot

LYUBAN, 11 September (BelTA) – Once the facility is operational, the Nezhinsky mining and processing complex will produce additional export to the tune of about $860 million per annum. Belarus President Alexander Lukashenko made the statement during the ceremony held on 11 September to start the construction of the Nezhinsky mining and processing complex by IOOO Slavkaliy, BelTA has learned.

The head of state underlined that it was a historic event. “We are getting down to the construction of the new mining and processing complex that will be able to turn out up to 2 million tonnes of potassium chloride per annum,” said the President. “In the future it will allow raising the production of potash fertilizers in Belarus up to 14 million tonnes per annum.”

Alexander Lukashenko stressed: “For Belarus potash fertilizers are a staple import and a major source of foreign currency. We export over 90% of the output every year.” In his words, Belarus is one of the few countries that make three main kinds of fertilizers: nitrogen ones, phosphoric ones, and potash ones. Alexander Lukashenko explained why fertilizer production was so important. Nowadays a huge number of people starve across the globe, it is necessary to feed them. It is impossible to accomplish the goal without agriculture, which heavily relies on fertilizers.

Alexander Lukashenko remarked that Belarus pays close attention to the potash industry development strategy. The mining and processing complex is the third largest complex in Belarus. “We can say with pride that Belarus is the world’s top manufacturer of this kind of fertilizers per capita,” said the head of state. At present there is fierce competition on the market of potassium chloride, this is why Belarus is not satisfied with the accomplishments. Instead state-of-the-art technologies and innovations are regularly introduced. The new complex will rely heavily on them. The new technologies will reduce costs, will enable more effective utilization of natural resources, and will increase export and foreign currency earnings of the country.

Alexander Lukashenko said that the development of the Belarusian chemical industry focuses on remodeling the existing manufacturing capacity, the establishment of new enterprises, and on using Belarusian raw materials as much as possible. Once the Nezhinsky mining and processing complex is commissioned, tax revenues will rise. All of that will positively influence the national economy.

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