Market Chatter: Potash Corp Mine to Restart Production Today, After Fire; Shares Edge Down

By MT Newswires,  September 26, 2012, 10:58:13 AM EDT

Production at Potash Corporation of Saskatchewan's (POT.TO) second-biggest mine is likely to resume sometime today, according to the company, after rescuers doused a fire that temporarily trapped 20 workers.

Reuters reported that the last worker returned to the surface on Tuesday evening, some 18 hours after the fire started at the Rocanville, Saskatchewan, mine early that morning.

There were no injuries, Reuters said.

The plant, which has annual operating capacity of 2.7 million metric tonnes (2.97 million tons), normally runs 24 hours a day, seven days a week.

It had been operating at normal speed prior to the fire, Potash Corp spokesman Bill Johnson said on Wednesday morning.

POT is down 7 cents to $42.45.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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