Silvinit, Russia’s largest potash producer, has slashed its 2010 investment program nearly in half from RUB5.4 bn in 2009 to RUB3 bn, just about a quarter of its main competitor Uralkaliy, to conserve cash flow ahead of its debt repayment to Sberbank [SBER RU] at year end. Most of the expenditures will focus on maintaining [...]
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