Belaruskali has taken out a big loan

Belaruskali and the Eurasian Development Bank have signed a agreements on a loan of $ 400 million to replenish the company’s working capital and to implement the investment program. The loan repayment term is five years.

The funds will be used to finance the development of the Petrikov potash deposit and construction of a mining and processing plant with a capacity of 1.5 million tons of potassium chloride per year (its official commissioning is scheduled for 2021) and the construction of the Darasinsky mine.