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PJSC Uralkali
Traded asMCXURKA
ISINUS91688E2063 Edit this on Wikidata
HeadquartersBerezniki, Perm Krai, Russia
Key people
Sergey Chemezov (Chairman)
Dmitry Osipov (CEO)
ProductsPotash fertilizers
Revenue$2.75 billion[1] (2018)
$1.2 billion[1] (2018)
$-97 million[1] (2018)
Total assets$8.11 billion[1] (2018)
Total equity$770 million[1] (2018)
Number of employees

Uralkali is a Russian potash fertilizer producer and exporter. It is traded on the Moscow Exchange using the symbol, URKA.[2] The company’s assets consist of 5 mines and 7 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Krai, Russian Federation). Uralkali employs about 12,000 people (in the main production unit).

The company produces standard and granular potassium chloride (KCl), sodium chloride (NaCl in the form of halite), and carnalite.[3] It supplies products (through its own trader Uralkali Trading) to over 60 countries, with the major markets including Brazil, India, China, Southeast Asia, Russia, USA, and Europe. In 2018 Uralkali produced 11.5 million tonnes of potash (KCl)[4]

Uralkali develops Verkhnekamskoye field of potassium and magnesium salts, world's second largest in terms of potash ore reserves. The company’s total ore reserves total approximately 8.2 billion tonnes. Uralkali holds the development licences for the Ust-Yayvinsky and Polovodovsky blocks at the Verkhnekamskoye field, which contain ore reserves of 1.291 and 3.074 billion tonnes respectively. Uralkali also holds the development licence for the Romanovsky Block of the Verkhnekamskoye deposit with the estimated reserves of 385 million tonnes of sylvinite ore.[5]


1934 - Start of construction.

1944 - Start of carnallite production.

1954 - Launch of the first mine group with the annual capacity of 266,000 tonnes.

1964 - Establishment of the Uralkali production association.

1968 – Start of construction of the second mine group.

1970 - Launch of the second mine group.

1974 - Launch of the third mine group.

1987 - Launch of the fourth mine group.

1993 - Start of privatization of the Uralkali production association and its transformation into OJSC Uralkali.

2001 – Construction completion of the Baltic Bulk Terminal.

2006 - Shutdown of the first mine group.

2007 - Uralkali places its global depositary receipts at the London Stock Exchange.

2011 - Merger of OJSC Uralkali and OJSC Silvinit.

2014 - Purchase of a license to develop the Romanovsky site of the Verkhnekamskoye deposit.

2015 - Delisting of Uralkali GDRs from the London Stock Exchange.

Recent news[edit]

In December 2010, Uralkali announced plans to buy another Russian potash producer Silvinit; together they would form one of the world's largest potash producers.[6] The merger was finalized in June 2011, with the combined Uralkali accounting for about 20% of the world's potash production.[7]

On 9 November 2012, Chengdong Investment Corp., a unit of the sovereign wealth fund China Investment Corporation, bought bonds from the shareholders with maturation in 2014 which were exchangeable into a stake in Uralkali. Chengdong would be able to convert its investment into a 12.5 percent stake in Uralkali’s ordinary shares.[8] In September 2013, the bonds were converted and CIC thus acquired a 12.5% stake in the firm, rumoured to be worth around $2 billion.[9]

Central office in Berezniki

In June 2012, Green Patrol, a Russian environmental non-governmental organization, listed Uralkali as one of the top 100 polluters in Russia, based on information gathered during the previous years.[10] An expedition organised into the Perm Krai by Green Patrol in 2010 revealed that Uralkali's sinks contained at least 16 harmful elements (including zinc and ammonium), exceeding the maximum permissible levels by 1,850 times.[11] Furthermore, according to Green Patrol's President Roman Pukalov, Uralkali failed to fully disclose a complete list of harmful elements that it routinely rejected into the local river Kama. Roman Pukalov described Kama water as "very polluted", and declared that small rivers around Berezniki had in fact turned into brine, something he had "never seen anywhere else".[12]

On 30 July 2013 Uralkali announced that it was pulling out of the Belarusian Potash Company export JV with Belaruskali, through which it exported potash from 2005 to July 2013, and said it would sell the fertilizer on its own. This move sent shares of potash companies tumbling on speculation that potash prices would plunge.[13] This dispute arose over foreign sales and top executives at Uralkali were accused of a criminal scheme. On 26 August Belarus detained the company's CEO Vladislav Baumgertner after inviting him to Minsk for talks.[14] In September 2013 he was moved from solitary confinement and put under house arrest.[15] Uralkali insists that persecution of its employees by Belarusian officials is politically motivated.[16] On 14 October Russia opened a criminal investigation into Vladislav Baumgertner as well, and investigators announced they will request his extradition from Belarus.[17] In November 2013 Vladislav Baumgertner was extradited to Russia and later put under house arrest.[18] In September 2014 he was released on bail.[19]

In December 2013 Suleiman Kerimov sold his shares (21.75%) to ONEXIM Group, while Dmitry Mazepin's Uralchem acquired 19.99%, both becoming key shareholders in Uralkali.[20]

In November 2015, Uralkali's board approved its latest share buyback program, a move that was expected to result in the delisting of the company's stock in London. Uralkali, which also trades in Moscow, said it will repurchase as much as 6.5 percent of its shares from the open market by the end of March 2016.[21]

On 5 October 2016, Russian President Vladimir Putin issued an order asking the General Attorney of the Federation of Russia Yury Chaika to verify the compliance of Uralkali with the legislation governing planning works and mines filling.[22] Results were to be presented on 1 December 2016, but as of end January 2017 the outcome of the investigation has not been published yet.

Owners and top management[edit]

By 2000, Dmitry Rybolovlev gained complete control over Uralkali, consolidating over 50% of the shares. By October 2006, he became Chairman of the Board of Directors and in June 2010 owned approximately 65.5% of the company's shares. In early 2011, Rybolovlev disposed of his shares.

As of April 2011, the company was owned by the following Russian businessmen: Suleyman Kerimov (25%), Alexander Nesis (17.7%), Filaret Galchev (15%), and Alexander Mamut (3.5%), while all other shares were in free float.

At the end of December 2013, 21.75% of the company's shares were held by Mikhail Prokhorov’s ONEXIM Group, 19.99% by Dmitry Mazepin’s Uralchem, 12.5% by the Chinese Chengdong Investment Corporation, and the rest was in free float. On 23 December 2013, Dmitry Osipov, the former deputy board chairman of Uralchem, was appointed chief executive officer of the company.

As of 7 March 2018, the shareholding structure of PJSC Uralkali was as follows: 5.23% shares were in free float, 20% were owned by Rinsoco Trading Co. Limited (registered in Cyprus and controlled by Dmitry Lobyak), 20.1% belonged to Uralchem (controlled by Dmitry Mazepin), and 54.77% were quasi-treasury shares (on the balance of the subsidiary Uralkali-Technology).


Uralkali develops the Verkhnekamskoye potassium and magnesium salt deposit, one of the world's largest. A substantial part of natural potassium salt is processed into a commercial product, potassium chloride, which is used as a fertiliser applied either directly to the soil or as an ingredient of compound NPK[clarification needed] fertilisers. In addition, potash is used in other industries such as chemical, petrochemical, food, and pharmaceutical.

Performance indicators[edit]

The company accounts for a significant share of global potassium chloride production with 76% of the company's products being exported overseas. The main buyers are China, India, Russia, Southeast Asia, the USA, and Brazil.

The company’s production volume in 2019 was 11.1 million tonnes of KCl. As of late 2019, Uralkali employed about 12,000 people in the main production unit.

The company's net revenue for 2019 amounted to $ 2,364 million, while the 2018 EBITDA was $ 1,578 million.[citation needed]


  1. ^ a b c d e "Uralkali Annual Report 2018" (PDF). Retrieved 24 April 2019.
  2. ^ URKA Stock Quote - Uralkali Stock Quote
  3. ^ "Продукция" [Products]. www.uralkali.com. Retrieved 2019-08-20.
  4. ^ Uralkali official website. About the company
  5. ^ Uralkali. About us. Resources
  6. ^ "Mining Journal - Russian merger to create US$24bn potash producer". Archived from the original on 2011-01-10. Retrieved 2010-12-21.
  7. ^ Uralkali About us
  8. ^ China Fund, VTB Capital Invest in Kerimov’s Uralkali, Bloomberg (November 9, 2012)
  9. ^ Polina Devitt (24 September 2013). "China gets 12.5 percent stake in Russia's Uralkali". PUBLISHER.
  10. ^ "100 ГЛАВНЫХ ЗАГРЯЗНИТЕЛЕЙ РОССИИ | Зеленый патруль". www.greenpatrol.ru. Retrieved 2017-01-24.
  11. ^ "Российские экологи обвинили "Уралкалий" в загрязнении Камы". www.beriki.ru (in Russian). Retrieved 2017-01-24.
  12. ^ ""Зеленый патруль" добрался до Пермского края". Росбалт. Retrieved 2017-01-24.
  13. ^ Bloomberg, Uralkali Breaks Potash Accord to Grab Market Share, 30 June 2013
  14. ^ Bloomberg, Potash Dispute Escalates as Uralkali CEO Held in Belarus, 26 August 2013
  15. ^ Russia Today, Uralkali CEO now under house arrest, employees and mother demand release, 26 September 2013
  16. ^ Russia beyond the headlines, Uralkali asks Russian authorities for protection, 5 September 2013
  17. ^ Reuters, Russia opens case against Uralkali CEO, seeks extradition, 14 October 2013
  18. ^ Uralkali Announcement
  19. ^ Wall Street Journal, Uralkali CEO Says No Talks to Resume Potash Marketing Pact With Belarus
  20. ^ 20.12.2013 Changes in Uralkali Shareholder Structure
  21. ^ Fedorinova, Yuliya. "Uralkali Quits London Next Month, Starts Shares Buyback". Bloomberg.com. Retrieved 2015-12-30.
  22. ^ "Перечень поручений по вопросу переселения граждан из аварийного жилищного фонда в Пермском крае • Президент России". Президент России (in Russian). Retrieved 2017-01-18.

External links[edit]