{"id":15306,"date":"2012-10-05T17:33:11","date_gmt":"2012-10-05T15:33:11","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/update-1-eurochem-files-800mln-claim-against-shaft-sinkers\/"},"modified":"2012-10-05T17:33:11","modified_gmt":"2012-10-05T15:33:11","slug":"update-1-eurochem-files-800mln-claim-against-shaft-sinkers","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-eurochem-files-800mln-claim-against-shaft-sinkers\/","title":{"rendered":"UPDATE 1-EuroChem files $800mln claim against Shaft Sinkers"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Claims filed for failure to complete shaft<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Shares in Shaft Sinkers fall more than 7 percent<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">MOSCOW<\/span> Oct 5 (Reuters) &#8211; EuroChem, Russia&#8217;s largest mineral<br \/>\nfertilizer producer, said on Friday it had filed an $800 million<br \/>\ncompensation claim against Shaft Sinkers for delays to<br \/>\nthe building of a lift shaft at one of its potash projects.<\/p>\n<p><span><\/span><\/p>\n<p>EuroChem said it had filed the claim with the Swiss Chambers<br \/>\nof Commerce in Zurich and the International Chamber of Commerce<br \/>\nin Paris.<\/p>\n<p><span><\/span><\/p>\n<p>London-listed shares in Shaft Sinkers, which builds mine<br \/>\nshafts, were down 7.2 percent by 1035 GMT.<\/p>\n<p><span><\/span><\/p>\n<p>EuroChem said it was seeking compensation for the delay to<br \/>\nthe start-up of potash production as a result of Shaft Sinkers&#8217;<br \/>\nfailure to complete construction of a cage shaft at its<br \/>\nGremyachinskoe deposit, the company said in a statement.<\/p>\n<p><span><\/span><\/p>\n<p>The deposit is one of two greenfield potash projects<br \/>\nEuroChem is currently developing in Russia.<\/p>\n<p><span><\/span><\/p>\n<p>A Shaft Sinkers spokeswoman declined any immediate comment.<\/p>\n<p><span><\/span><\/p>\n<p>EuroChem has said the commissioning of Gremyachinskoe has<br \/>\nbeen delayed to 2015 from late 2013 as a result of &#8220;difficult<br \/>\nsubsoil conditions&#8221;.<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Claims filed for failure to complete shaft * Shares in Shaft Sinkers fall more than 7 percent MOSCOW Oct 5 (Reuters) &#8211; EuroChem, Russia&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-15306","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=15306"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15306\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}