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January 29, 2006
70 miners trapped in Canada. . .
Now we've got 70 miners trapped in Canada.
Apparently this is a bit different from the other incidents in West Virginia of late. In this case it appears the miners were able to retreat to a refuge location and are not trapped in a new section of mine tunnel. Currently all are believed safe although they are trapped a little more than half a mile down.
The mine is operated by the U.S. company, The Mosaic Company, who describe themselves on their website:
"Mosaic is the powerful combination of two leaders in the fertilizer industry, IMC Global and Cargill Crop Nutrition. We are committed to nourishing growth for our customers, our investors and our communities. "
The company is one of the world's leading producers of potash (which is what this mine produces), and employs over 8,000 people worldwide.
Their stock has been slowly climbing over the past few months, hopefully it'll stay strong as it seems like this company has the situation pretty well in hand.
UPDATE: The miners are safe, the fire is "probably" out, or at least under control and now they are waiting for the ventillation systems to clear out the smoke before they can bring the miners to the surface. Glad this turned out well.
--Jason
Posted by JasonColeman at January 29, 2006 9:34 PM
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