Ulaanbaatar
Mining Minister meets delegates of Russian company ‘Azot'
Economy
Ulaanbaatar/MONTSAME/. Minister
of Mining and Heavy Industry G.Yondon received authorities of the
Russian ‘Azot’ company, a supplier of nitrogen fertilizers.
At the outset of the
meeting, the delegates thanked the Ministry of Mining and Heavy Industry of Mongolia
for taking immediate action when the ban was imposed on exporters by the
decision of the Russian Government in 2021.
As a result, in the
first half of this year, a supply of the main raw materials for the production
of explosive substances to Mongolia has remained stable without disruption.
SBU Azot is one of the
largest producers of nitrogen fertilizers in Russia. The Company’s plants
manufacture nitrogen products for industrial and agricultural clients, and
petrochemicals. The Company is a key player on the domestic nitrogen market and
sells its products in over 40 countries worldwide. In addition, the company is
the largest supplier of more than 80 percent of Mongolia's nitrogen fertilizer
consumption for the mining and agricultural sectors.
During the meeting,
the parties exchanged views on stabilizing the import of raw materials for the
production of explosives in the mining sector in the second half of this year,
taking into account changes in prices on the world market, strengthening
mutually beneficial cooperation and supplying new products to customers.
