Press Releases

LLC Verkhnekamsk Potash Company and LLC Interregional Investment Company Severozapad-Prikamje signed a Memorandum on Belkomur project.
Acron subsidiary LLC Verkhnekamsk Potash Company (VPC) and LLC Interregional Investment Company (IIC) Severozapad-Prikamje signed a Memorandum on participation in the Belkomur project on October 22 in Moscow. VPC officially applied to participate in the Belkomur project without taking part in IIC's authorised capital. The Memorandum was signed by Deputy Chairman of the Government of Perm Krai Yuri Utkin, Head of the Perm Krai representative office to the Government of Russia Ilya Adamsky, IIC Director General Yuri Demochkin, Acron Vice President Sergey Fedorov and VPC Director General Vladimir Zakharov.  
Belkomur is a complex investment programme of industrial and infrastructural development in the Komi Republic, Perm Krai and the Arkhangelsk region. Part of the programme involves a series of large investment projects with budget support for development of infrastructure. Belkomur is in line with the Russian Federation’s railway transportation development strategy through 2030, which was passed by the Government of the Russian Federation on September 6, 2007.
The project aims to develop industrial and infrastructural complexes, eliminate infrastructural problems, create new jobs, and access difficult mineral and forest resources. As a result of construction, reconstruction and modernization of certain railway sections, a new railroad from Solikamsk through Gainy and Syktyvkar to Arkhangelsk will be created. With an overall length of 1,295 km and an estimate cost of RUB 118 billion, the railroad is necessary for the construction and operation of new industrial facilities.
The project includes investments aimed at creating a series of industrial facilities. Among them is LLC Verkhnekamsk Potash Company, which is developing the Talitsky area of the Verkhnekamsk potassium-magnesium salt deposit with a projected capacity of 2 million tonnes of raw material. Construction of a potash mining facility will begin in 2012, and stage 1 commissioning is planned for 2016. This project will create 2,800 new jobs.