* Claims filed for failure to complete shaft
* Shares in Shaft Sinkers fall more than 7 percent
MOSCOW Oct 5 (Reuters) – EuroChem, Russia’s largest mineral
fertilizer producer, said on Friday it had filed an $800 million
compensation claim against Shaft Sinkers for delays to
the building of a lift shaft at one of its potash projects.
EuroChem said it had filed the claim with the Swiss Chambers
of Commerce in Zurich and the International Chamber of Commerce
in Paris.
London-listed shares in Shaft Sinkers, which builds mine
shafts, were down 7.2 percent by 1035 GMT.
EuroChem said it was seeking compensation for the delay to
the start-up of potash production as a result of Shaft Sinkers’
failure to complete construction of a cage shaft at its
Gremyachinskoe deposit, the company said in a statement.
The deposit is one of two greenfield potash projects
EuroChem is currently developing in Russia.
A Shaft Sinkers spokeswoman declined any immediate comment.
EuroChem has said the commissioning of Gremyachinskoe has
been delayed to 2015 from late 2013 as a result of “difficult
subsoil conditions”.
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