Uralkali Drops Most in Four Months as Size of Sinkhole Doubles
By Jason Corcoran and Anna Shiryaevskaya -
2010-11-29T16:34:57Z
OAO Uralkali fell the most in almost four months after a sinkhole that formed near the company’s main potash mine widened and deepened, complicating efforts to repair the main rail link used to ship the soil nutrient.
The stock dropped 3 percent to 173.77 rubles, the most since Aug. 3, by the 5 p.m. Moscow close.
The size of the depression, which damaged the track and swallowed a rail car, has doubled since it was first discovered Nov. 25, the administration in the Ural Mountains city of Berezniki said on its website today.
To contact the reporter on this story: Jason Corcoran at Jcorcoran13@bloomberg.net
To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net
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