Acron Considers Canada Listing to Tap Potash Deposits
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OAO Acron, Russia’s third-largest nitrogen fertilizer producer, said it’s considering listing in Toronto to tap potash fields in Canada and end its reliance on raw-material suppliers.
Acron expects to complete exploration next year at some 30 potash deposits in Saskatchewan, which together may hold recoverable reserves of 6 billion metric tons of the soil nutrient, Chief Financial Officer Alexei Milenkov said in an interview yesterday at the company’s phosphate-mining project in Murmansk, northwest Russia.