EuroChem, Russia-based global nitrogen and phosphate fertilizer producer, will in 2015/16 start the construction of a beneficiation plant in the Zhambyl province in southern Kazakhstan. The output will be send to phosphate plants in Southern Russia. As of 2014, the company had a total of 4.2 billion tonnes of phosphate rock reserves and resources and realized capital expenditures of US$ 282 million in phosphates. Kazakhstan has 260 million mt reserves of phosphate rock and produced in the last couple of years some 1.6 million tonnes rock per year. Eurochem plans to produce in the current year over 120,000 mt of finished phosphate. The development in Kazakhstan is strategically important for Eurochem because of the threat that further declines in iron ore price may reduce the phosphate segment economics at the company’s Kovdorskiy GOK.