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India News Belarus stops some potash output amid protests – TASS – Reuters India

India News Belarus stops some potash output amid protests – TASS – Reuters IndiaIndia News

MINSK (Reuters) – Some fertiliser manufacturing has stopped at Belarusian potash miner Belaruskali after plenty of its employees joined protests over the nation’s disputed election, TASS information company cited the miner’s labour union as saying on Monday.

FILE PHOTO: A common view reveals waste heaps at Belaruskali potash mines close to the city of Soligorsk, some 130 km (81 miles) south of Minsk, August 31, 2013. REUTERS/Vasily Fedosenko

The scale of the economic motion amongst state-owned Belaruskali’s 16,000-robust workforce throughout six mines was unclear. The firm is the world’s largest producer of potash, a key supply of greenback income for Belarus, and is a serious provider of fertiliser to China and India.

Belaruskali was not obtainable for remark when known as by Reuters.

Its buying and selling arm – the Belarus Potash Company (BPC) – mentioned earlier on Monday it might do its greatest to honour contracts with prospects.

Industrial motion in Belarus started final week after allegations of election rigging and police brutality.

Some of the Belaruskali employees protesting close to the corporate’s headquarters in Soligorosk, 135 km (84 miles) south of Minsk, are calling for brand spanking new elections, the sacking of Belarus officers concerned in a violent crackdown and for the discharge from jail of individuals they are saying are political prisoners.

Belarusian chief Alexander Lukashenko, who declared a landslide election win within the disputed election, has mentioned he is not going to maintain a brand new vote.

Belaruskali produces 1 million tonnes of potash a month, 18% of world month-to-month consumption, and has restricted storage capability, analysts at VTB Capital mentioned in a be aware on Monday.

The world potash market is at the moment tight as giant deliveries are deliberate underneath lately signed contracts with China and India, they mentioned.

Other world potash producers, together with ICL (ICL.TA), Mosaic (MOS.N) and Ok S (SDFGn.DE), may benefit if provides from Belarus dry up for some time, VTB added.

In a press release Monday, BPC informed shoppers: “We are fully aware of the importance of our commitments to you, as well as a high degree of responsibility, and we ask for your understanding.

“We hope for a quick resolution of this situation,” it added, posting a banner saying “Pray for Belarus”.

Reporting by Andrei Makhovsky; Writing by Tom Balmforth and Polina Devitt; Editing by David Goodman and David Holmes

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