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EuroChem expands

Russia’s largest mineral and chemical concern EuroChem (EC) is planning to construct a US$18M terminal at Russia’s northernmost ice-free seaport of Murmansk. The terminal will be capable of handling up to 3 mtpa of the total iron-ore concentrate produced by EC-controlled Kovdor ore mining and processing enterprise, Russia’s second largest apatite concentrate maker and the world’s only baddeleyite concentrate manufacturer.
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According to EC logistics and procurement director Pavel Yakovlev, the new project is part of the holding company’s strategy for creating its own-transport infrastructure. Aimed at reducing substantial transport charges, the company’s plan involves forming its own fleet of special railcars, developing main and spur tracks and, importantly, purchasing and building its own dedicated handling facilities in Russian and the Baltic States’ ports.

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