Perm Krai hosted a working meeting between Governor Dmitry Makhonin, Chairman of Acron's Board of Directors Alexander Popov, and CEO of Verkhnekamsk Potash Company (VPC, a member of Acron Group) Alexander Pupov. The meeting was also attended by Deputy Head of local government – Minister of Industry and Trade for Perm Krai Alexey Chibisov and regional Minister of Economic Development and Investments Eduard Sosnin.

The parties discussed the current special investment contract for the development of the Talitsky area of Verkhnekamsk potassium and magnesium salt deposit, a new agreement on social and economic cooperation, and a roadmap for promoting cooperation with regional producers.

Governor Makhonin emphasized that the special investment contract for construction of the Talitsky mine is a key priority for the nation, not only for the region. Total investments in the project are expected to reach RUB 87.6 billion.

Acron’s Popov underscored the Group’s long-term commitment to the region. ‘Since the conclusion of the special investment contract, the Company has already invested over RUB 3 billion, created 146 new jobs, and completed sinking and lining of two vertical shafts. We are still developing the detailed engineering documents for the mine facilities and the surface complex. We anticipate obtaining our first tonne of potassium chloride in April 2025 and plan to reach the stated design capacity of 2 million tonnes in 2028’, he said.

VPC, the Ministry of Industry and Trade of the Russian Federation, and the Government of Perm Krai signed the special investment contract, entitled ‘Development of the Talitsky area of Verkhnekamsk potassium and magnesium salt deposit in Perm Krai with a capacity of 2 million tonnes of potassium chloride per year’, in 2019 at the St. Petersburg International Economic Forum.