Covia Corp Continues Restructuring of Energy Segment, Idles Capacity

Covia Corp of Independence, OH, has announced a fourth quarter 2019 net loss from continuing operations of US$1.26 billion on revenues of US$313.3 million compared with a net loss of US$48.1 million on revenues of US$441.3 million in the fourth quarter of 2018. For all of 2019, the company reported a net loss of US$1.30...

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Victory Silica Executes Frac Sand Agreement

Victory Nickel Inc of Toronto, ON has announced that its subsidiary, Victory Silica, has executed an agreement with Short Grass Ranches Ltd of Medicine Hat, AB giving the company the ability to mine frac sand from one of the owner’s properties. The initial term of the option is for five years with the ability to...

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Albemarle Expands Leading Lithium Market Position

Albemarle Corp of Charlotte, NC has reported a fourth quarter 2019 net income of US$90.4 million on net sales of US$992.6 million compared with an income of US$129.6 million on sales of US$921.7 million in the corresponding period of 2018. For the full year, the company generated a net income of US$604.4 million on sales...

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Alliance Closes Funding for Magnesium Plant

Alliance Magnesium Inc (AMI) of Danville, QC has announced the closing of funding for its commercial demonstration plant. Construction of the plant, with an annual magnesium production of 18,000 tonnes, is scheduled to start this spring. The investment of nearly CDN$145 million will be made in the MRC des Sources in the Eastern Townships of...

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K+S Looks to Sell Americas Businesses

K+S AG of Germany has announced plans to sell its operating units in North and South America, including its salt business. A sale agreement is expected to be signed by the end of the year. After the sale, the company will focus on its fertilizer and specialties businesses. Burkhard Lohr, K+S’s chairman, said, “The sale...

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