OREANDA-NEWS. Uralkali (LSE: URKA) announces that Uralkali Trading (a wholly-owned subsidiary of Uralkali) has reached agreement on H1 2014 potash deliveries to China with the buying consortium headed by CNAMPGC, one of the major Chinese agrochemical corporations. Major contract parameters:

Price per metric tonne

USD 305 (CFR)

Supply volume

700,000 tonnes

Contract period

until 30 June 2014

Oleg Petrov, Uralkali Director for Sales and Marketing, commented:

"The contracts between Uralkali and the Chinese companies clearly testify to growing demand and the beginning of market recovery. The terms of the agreement with our Chinese partners are mutually beneficial and serve the interests of our consumers, agricultural producers of the PRC.”

Uralkali is one of the world's largest potash producers with a share of about 20% of global potash production. The Company's assets consist of 5 mines and 7 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Region, Russia). Uralkali employs ca. 11,800 people (in the main production unit). Uralkali's shares and GDRs are traded on the Moscow Exchange and LSE, respectively.