Acron to Start Own Phosphate Output Within Year, Counter Costs
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OAO Acron, a Russian nitrogen fertilizer producer, plans to produce its own phosphates within a year as it seeks to boost self-sufficiency in raw materials.
Acron will start its Oleniy Ruchey mine in the Murmansk region by the end of June 2012, Chairman Alexander Popov told investors today in Murmansk. The project will meet the company’s demand for apatite concentrate, which it currently buys from OAO PhosAgro at about $140 a metric ton including delivery, he said.