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May 26, 2012 04:10 am US/Eastern
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4-Traders Homepage  >  Shares  >  RUSSIAN EXCHANGE, THE  >  Uralkaliy OAO    URKA   RU0007661302

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Uralkaliy OAO : The fire at Berezniki 4 plant is extinguished

01/23/2012 | 08:01am

Uralkali (LSE: URKA) informs that an incident took place at Berezniki 4 plant on 23 January 2011. Around 11am local time fire started at the 6th crystallizer in the vacuum crystallization unit of the hallurgic ore-treatment plant. At the time Uralenergostroi, a contractor of Uralkali implemented the works (including welding and grinding) at the crystallizer. Currently the fire is completely extinguished. There is no danger to the employees of the plant. No one was injured during the incident.

The incident happened at the production line that is under reconstruction and will not impact the Company's annual output. Together with the specialists of Rostekhnadzor and Ministry of the Russian Federation for Civil Defense, Emergencies and Elimination of Consequences of Natural Disasters Uralkali will build a commission to inquire into the causes of the incident and evaluate the damages.

Uralkali) is one of the world's largest potash producers with a market share of about 20%. The Company's assets consist of 5 mines and 8 ore-treatment mills situated in the towns of Berezniki and Solikamsk (Perm Territory, Russia). Uralkali employs over 23,000 people. Uralkali's shares and GDRs are traded on the LSE, RTS and MICEX.

 
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