China awaits as Russia reshapes towards a potash monopoly

摘要

Dmitry Rybolovlev has divested a 53.2% stake in Russia's largest potash miner, JSC Uraikali, through a three-cornered sale, in a move that could lead towards the formation of a Russian potash monopoly, a source from one of the buyers informed IM. According to the source, the deal paves the way for Uraikali to be linked with the country's second largest producer, OAO Silvinit, which would combine into the world's second largest company with a capacity of 10.6m. tpa. Uraikali is also the power behind the Belarusian Potash Co. (BPC), the swing seller and market maker in the global potash trade. Both have been controlled until now by Rybolovlev.