Major potash company stocks moved up Friday, March 9, on news that there had been a collapse at a Belaruskali potash mine.
In this emerging story, Bloomberg reports, citing the Belarus Emergency Ministry, that the roof of a mine collapsed at a depth of 620 meters (2,034 feet) at about 6:30 p.m. local time. Two workers were in the mine at the time and an emergency team was working to clear debris. No one from the company was immediately available to comment.
Initial reports were that the collapse occurred at Belaruskali third production unit. The company does have a mine named Soligorsk 3, with a capacity of 2.3 million mt/y. However, it was unclear if this was the specific mine.