Turkmenistan, Ashgabat, July 14 / Trend, H. Hasanov /
Design capacity of an ore-dressing and processing complex, which is under construction in eastern Turkmenistan in Central Asia, for production of potash fertilizers will be brought up to 4 million tons per year, "Turkmen Dovlet Khabarlary" reported on Saturday.
The enterprise will operate on the basis of Garlyk potassium salt deposit in Lebap region, which is capable of ensuring production of 1-1.5 million tons of fertilizer per year, and about 4 million tons in the future, the report says.
Construction of this industrial giant will be carried out in two stages, and the first stage of the complex costs about one billion dollars. In general, Turkmenistan plans to spend about $2 billion on the basis of the Garlyk deposit development.
"This means creation of fundamentally new mining sector for the Turkmen economy," the report says.
It was reported Turkmenkhimia signed a contract with Belgorkhimprom (Belarus) in early 2010, which ensures construction and commissioning of the plant in early 2015. According to the additional agreement, the total cost of the contract will be brought up to $1.126 billion due to the increased amount of value-added taxes on the project. These are associated with a loan to the amount of $150 million allocated by Turkmen banks instead of the credit for this amount from the Belarusian financial institutions to finance this plant construction.
Construction of a mine for potash extraction is underway in difficult geological conditions.
The builders will have to take into account the increased seismicity of the mountain area.