Capital expenditure
Our capital expenditure, which consists of all additions to property, plant and equipment, amounted to RUB 14,881 million in 2012, compared to RUB 16,801 million in 2011. The most significant portion of capital expenditure during 2012 was focused on the construction of the following facilities:
- ore shaft № 2 at the Kirovsky underground mine at Apatit;
- new production facilities such as the new urea plant at PhosAgro-Cherepovets (launched in 2H 2012);
- a 32 MW gas-powered electricity generation facility at PhosAgro-Cherepovets (launched in 2H 2012).
Capital expenditure RUB million
| 2012 | 2011 | % change | |
|---|---|---|---|
| Phosphate-based products/ Mining and Beneficiation | 7,822 | 5,940 | 32% |
| Phosphate-based products/ Fertilizers facilities | 2,343 | 2,070 | 13% |
| Nitrogen fertilizers | 3,700 | 6,561 | (44%) |
| Other | 1,016 | 2,230 | (54%) |
| Total capital expenditures | 14,881 | 16,801 | (11%) |
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