OREANDA-NEWS. The state-owned Belarusian company OJSC Belaruskali says it will increase its production capacity by 6.8% in 2013 to 11 million tonnes, a company representative told reporters.

By 2020 Belaruskali is expected to increase its production capacity to 12.5 million tonnes from 8.8 million tonnes in 2011.

To this end, Belaruskali is due to launch several new mines in 2013 and 2014.

Belaruskali exported around 3.668 million tonnes of potash fertilizer (in terms of 100% potassium chloride) in 2012 (4.698 million in 2011), the average price being USD 727 per tonnes (USD 713).

Belaruskali’s revenues reduced to 2.667 trillion rubles in 2012 from 3.249 trillion rubles in 2011.

The state-owned Belarusian company OJSC Belaruskali is one of the world’s largest manufacturers of potash fertilizers, employing about 18,440 personnel. It operates the Starobinskoye potash salts deposit and comprises four mine groups, auxiliary shops and support units.

Belaruskali controls 16% of the world’s potash fertilizer market.