UPDATE 2-Uralkali says open to new trading joint venture

Thu Dec 19, 2013 11:08am EST
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* Uralkali's Q3 revenue down 19 pct, sees demand growth

* Says too early to comment on alliance with Belarus

* Says to cancel treasury shares in 2014

* Uralchem to close a deal with Uralkali stake this week

By Polina Devitt

MOSCOW, Dec 19 (Reuters) - Russia's Uralkali, the world's biggest potash producer, would consider new trading joint ventures to replace a partnership it broke off with Belarus, and does not rule out a revival of the venture with Minsk, it said on Thursday.

The comments come after months of speculation that the alliance with Belarus Potash Co. (BPC), which controlled 40 percent of the $20 billion global potash market, might be revived.

Uralkali's key shareholders including billionaire Suleiman Kerimov recently agreed to sell their stakes in Kremlin-blessed deals, seen as paving the way to the creation of a new venture.

"Uralkali is potentially open to consider all the possible potential partnerships which would be beneficial for our shareholders," chief financial officer Viktor Belyakov said.   Continued...