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Sinkhole found near Uralkali mine in Russia

Nov. 19, 2014 9:55 AM ETUralkali Jsc 144 A (URALL) StockMOS, IPI, URALL, NTRBy: Carl Surran, SA News Editor2 Comments
  • A sinkhole is found near Uralkali's (OTC:URALL) Solikamsk-2 potash mine in Russia, where work was suspended yesterday after a water inflow.
  • Uralkali does not know how seriously the mine at Solikamsk-2, which accounts for 20% of the company's capacity, would be affected, but a water inflow and resulting sinkhole in 2006 shut another Uralkali mine in the same region permanently.
  • North American potash producer shares jumped 2%-5% yesterday, and are up early again today: POT +2.5%, MOS +2.4%, AGU +0.7%, IPI +2.3%.

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