Apatit [SEP] parent company
50% of Apatit to management. PhosAgro later increased its holdings to 57.57% of Apatit. The arrest and subsequent 11-month trial of Khodorkovsky revealed that the focus was not on the alleged ‘loans-for-shares’ scheme, but rather on claims that the privatization of Apatit in 1994 was itself fraudulent.
At present, JSC "Apatit" is a large Mining and Chemical Complex consisting of four mines, three concentrating mills and various support units. Core production activity is the production of apatite concentrate from apatite-nepheline
Apatit
Apatit JSC (Russian: АО «Апатит») is a Russian mining and processing enterprise engaged in the extraction of mineral raw materials for manufacture of chemicals and fertilizers.
Main operations are the mining and processing of mines and processes apatite-nepheline ore from the Khibiny deposit. Products are marketed locally and in Finland, Poland, Norway, Belgium and the Netherlands.
General Facts.
"Apatit" was established in 1929. The company is based in Kirovsk, Murmansk Oblast. Its main plants are located