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Uralkali 3Q Potash Production Seen Conservative - Market Talk

06.10.2015
Alistair Macdonald / Dow Jones (USA)

Uralkalis 3Q potash production of 3 million metric tons is negative for global potash peers, says BMO analyst Joel Jackson. Uralkalis S-2 mine had been flooded, but flood, what flood, BMO asks, pointing out that year-to-date production is only down 500,000 tons. There is still some confusion over how much potash ore is used for backfilling, but any way you slice it, its negative for global potash peers, as Uralkali seems to have been overly conservative, or possibly understating, in estimating post-flood potash capacity this year, says BMO.

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Cardinal rules

Smoking in mines is prohibited.
Work at heights without wearing a safety harness is prohibited.
Work in electrical installations under voltage is prohibited.
It is forbidden to perform work and stay in the bottomhole zone during the operation of the mining machine.
Loading and unloading operations when people are in the danger zone are prohibited.
Working in underground mines with unsecured and/or unassembled roofing is prohibited.
It is forbidden to carry out repairs and maintenance of conveyors without disconnecting from energy sources, use of conveyors for transfer of people and goods (materials and/or equipment), crossing (either above or under) operating conveyors by employees are not allowed.
It is forbidden to carry out welding and flame work in underground mines and mine buildings without the necessary safety measures preventing fire.