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First Tidal Acquisition Corp T.AAA


Primary Symbol: V.AAA.P

First Tidal Acquisition Corp. is a Canada-based capital pool company. The Company's principal business is the identification and evaluation of a qualifying transaction and once identified or evaluated, to negotiate an acquisition or participation in a business subject to receipt of shareholder approval, if required, and acceptance by regulatory authorities. The Company has not generated revenues from operations.


TSXV:AAA.P - Post by User

Post by Domovykon Dec 11, 2014 12:44pm
311 Views
Post# 23219804

Urakali now starting to admit things do not look good

Urakali now starting to admit things do not look good

So what is the negative spin on this one.
Giant Sinkhole Still Expanding, Russian Potash Producer Uralkali Says

  • The Moscow Times
  • Dec. 11 2014 13:43
  • Last edited 13:43
UralkaliThe giant sinkhole is growing by a rate of 700 cubic meters per hour, potash giant Uralkali said in a statement Wednesday.

A giant sinkhole that appeared in central Russia's Perm region after a mining accident has continued growing, the world's largest potash producer and owner of the mine, Uralkali, said.

The size of the sinkhole has increased from 30 by 40 meters in mid November to 50 by 80 meters now, the company said Wednesday in an online statement.

The average brine inflow during the same period surpassed 700 cubic meters per hour, the statement said.

Uralkali was forced to suspend operations at its Solikamsk-2 mine in November after high levels of brine inflow were detected, causing a giant sinkhole to form nearby.

In the statement, Uralkali said it was trying to pump out brine that was threatening to flood additional underground spaces, but quoted a mining research expert as saying the mine is likely to be lost.

"Based on our analysis and the world's experience in developing potassium mines, the risk of a negative scenario — the complete flooding on the mine — remains high," the head of the Ural region's Mining Institute, Alexander Baryakh, was quoted as saying.

"We are ready for this contingency, but we are doing everything possible to minimize related risks," he said, adding that "fortunately, the accident poses no danger to the residents of [the local town of] Solikamsk."

The Solikamsk-2 mine accounts for a fifth of the Uralkali's capacity.

Editor's note: This article has been amended to reflect that the average brine inflow, not the growth rate of the sinkhole, was 700 cubic meters.

https://www.themoscowtimes.com/news/article/giant-sinkhole-expanding-by-the-hour-russian-potash-producer-uralkali-says/513127.html


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