Possibility of complete mine flooding “remains high” at Solikamsk-2 as attempted rescue continues
Published: Wednesday, 10 December 2014
Rescue efforts are in full swing at Uralkali’s Solimamsk-2 mine, which first saw elevated brine inflow levels on 18 November 2015. Uralkali’s share price has continued to slide, with little apparent confidence that the company can save the potash mine, which represents one fifth of its production capacity, and 3% of global production capacity. The fall of the Russian rouble against the dollar will cushion any effects to the company in its EBITDA figures however, and it has the capability to speed up developments at several new potash projects.
Russia-based potash producer Uralkali
OAO’s stricken Solikamsk-2 mine recovery
operation, in the form of backfilling and brine pumping among
other actions, is still ongoing, the company said today.
However, according to the director of the Mining Institute
of the Urals branch of the Russian Academy of Science,
Alexander Baryakh, the risk...