MTI Increases Q1 Sales and Income, Acquires Pet Litter Business

Minerals Technologies Inc (MTI) of New York, NY has reported net income of US$39.9 million on net sales of US$431.3 million in the first quarter of 2018 compared with US$34.6 million on sales of US$405 million in the corresponding quarter of 2017. Douglas Dietrich, MTI’s CEO, said, “The company had a solid first quarter. We...

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Nutrien Divests Majority of SQM Holdings

Nutrien Ltd of Calgary, AB and Tianqi Lithium Corp of China have signed an agreement whereby Tianqi Lithium has agreed to purchase 62.6 million “A shares” of Sociedad Quimica y Minera de Chile SA (SQM) from Nutrien for US$65/share, totalling US$4.07 billion in cash. Nutrien will retain ownership of 20.2 million “B shares” but expects...

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Titanium Dioxide Producers Benefit from Market Conditions

Tronox Ltd of Stamford, CT has reported a net loss of US$44 million on sales revenue of US$442 million in the first quarter of 2018, compared with a net loss of US$56 million on revenue of US$378 million in the first quarter of 2017. The increase in revenue was primarily driven by higher selling prices...

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Ciner Anticipates Higher Soda Ash Demand, Prices

Ciner Resources LP of Atlanta, GA has reported a 2018 first quarter net income of US$20.9 million on net sales of US$121.2 million compared with US$22.4 million on sales of US$126.6 million in the first quarter of 2017. Total soda ash production in the quarter was 669,000 tons, a 2.6% increase over the prior year,...

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Panamint Valley Plans Addition of Lime Kiln

Panamint Valley Limestone Inc (PVL) of Trona, CA has announced plans to install a lime kiln in Trona on a site northwest of the existing Searles Valley Minerals chemical facility and the former ACE Cogeneration site. The Searles Valley facility produces boric acid, anhydrous borax, and borax decahydrate. The PVL plant will convert high quality...

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