Uralkali CEO Dmitry Osipov said today the company sees little 2014 impact from the brine inflow and sinkhole at the Solimansk-2 mine. “We expect the accident to have an insignificant impact on our 2014 full-year output target. With increased capacity utilization at other mines, we intend to produce 12 million mt of potash this year to meet strong demand from our customers. Potash market fundamentals remain attractive and in order to maintain our leadership position in the sector we are controlling costs, growing our distribution network and, if necessary, may consider bringing forward the commissioning of new production capacities.”
He said the company is doing its best to save the mine.