Voskresensk fertilizers have signed a long-term contract for the supply of apatite concentrate with Apatit "on behalf of JSC" FosAgro AG on the conditions approved by the Supreme Arbitration Court of Russia.

According to the signed contract before the end of 2011 "Apatite" is obliged to supply the VMU to 920 238 tons of apatite concentrate annually. In accordance with the terms of the contract price of apatite concentrate will be calculated on the basis of its value in 2009 - 3 050 rubles per ton. Prices in 2010 and 2011, will annually multiplied by the sectoral index rising prices, calculated by the Federal Service of State Statistics of Russia.

Price 3 050 rubles per ton of apatite concentrate was recommended by FAS Russia in the delivery of apatite concentrate production Apatit and "Kovdor" Russia"s consumers in 2009, the official statement says "the Resurrection of mineral fertilizers.

Under the contract, WMU is sent to the account of Apatit first payment for the supply of apatite concentrate on Dec. 29, 2009, and in accordance with the schedule the first batch of supplies of raw materials entered the plant on Jan. 6, 2010.

"The conclusion of long-term contract for the supply of apatite concentratecc5in the first place will allow the plant exit any downtime and return to normal operation", - said General Director VMU Murad Chapare.

during 2009 VMU in court trying to conclude a direct contract with Apatit for the supply of raw materials. December 22, 2009 the Presidium of the RF rejected the supervisory appeal Apatit and upheld the decisions of lower courts of arbitration, obliging Apatit in the person of JSC "FosAgro AG c VMU conclude a direct contract for the supply of apatite concentrate in 2009-2011.
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