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April 23, 2009

Uralkali pays 2.3 billion roubles compensation for mine 1 accident

Uralkali’s President Anatoly Lebedev signed an agreement on April 21 with the government of Perm territory to pay 2.3 billion roubles, in line with prior agreements, approved by the Russian Ministry of Finance, to reimburse of Mine 1 accident costs. This payment has already been made by Uralkali. According to the terms of the agreement, over 1.8 billion roubles will be allocated to reimburse the expenses of the federal government to manage the consequences of the accident and around 494 million roubles to compensate the costs incurred by the Perm territory in regards to the Mine 1 accident.

Uralkali had previously announced that the total costs related to the Mine 1 accident, which the company has agreed to pay will amount to approximately 7.8 billion roubles. Apart from 2.3 billion roubles that have already been paid, Uralkali will pay 5 billion roubles directly to the federal budget to finance the deficit of a 53-kilometer railroad construction. Uralkali will also pay 454 million roubles directly to the federal budget to reimburse the funds, directed to the Russian Railways for the construction of a 6-kilometer bypass railway link. Uralkali will also pay 36 million roubles directly to the Berezniki municipal budget to reimburse the costs related to the Mine 1 accident.

 

 

 

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