Shaft Sinkers hit by EuroChem claim

Underground construction group Shaft Sinkers sank to a new low after being hit by a double-whammy.

Underground construction group Shaft Sinkers sank to a new low after being hit by a double-whammy.

First, the company revealed work at the Moab project in South Africa has been interrupted pending resolution of the unprotected strike, although it added that its work under this contract is substantially complete and the revenues outstanding do not represent a material proportion of the company's 2012 order book. Nevertheless, management is conscious that the general operating environment in South Africa continues to be difficult and will continue to monitor the impact of this on its wider business.

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