Mining Minister meets delegates of Russian company ‘Azot'Economy
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.