The firm says levels of "economically-feasible" potash
reserves at Boulby will run out by 2018 - and the site needs to switch to producing fertiliser polysulphate.
The report, Global Potash
Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.
A solution mining method will be applied at the Legacy potash
According to analysts, even with potash
at $250 a tonne, Uralkali would still rake in $50 of profit.
Rakhi Sehrawat, Rabobank food and agribusiness analyst and author of the report, commented, "Until recently, the potash
market was mired in acute demand uncertainty and piling inventory levels across key consumption regions.
Corp of Saskatchewan, the world's largest producer, owns 27.
Uralkali's management sounded confident on the prospects for potash
The Colluli Potash
Project has a current JORC Compliant Measured, Indicated and Inferred Mineral Resource Estimate comprised of 133.
Grass plants need potash
to form both protein and sugars in the leaf.
The analysis of all the available geophysical logs for historic oil wells on the property has revealed a high probability of potash
-bearing beds underlying the Provost Potash
K+S AG, Europe's largest potash
producer, said on November 22 it agreed to buy Vancouver-based Potash
One for C$434 million ($426 million) to expand its fertiliser reserves.
BHP Billiton said on Wednesday it was submitting it directly to shareholders and bypassing Potash
Corp's board, which a day earlier called the bid of $130 a share "grossly inadequate.