Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Compass Minerals International Provides Update on Its Cote Blanche, Louisiana, Mine and Winter-Season Outlook.


OVERLAND PARK Overland Park, city (1990 pop. 111,790), Johnson co., NE Kans., a residential suburb of Kansas City; inc. 1960. There is printing and publishing, and the manufacture of apparel, aircraft parts, cement, prepared foods, salt, chemicals, marine accessories, and signs. , Kan. -- One of Compass Minerals Compass Minerals International (NYSE: CMP) is the second-leading salt producer in the United States and largest in the United Kingdom. Most of the salt produced is sold for highway de-icing.  International's (NYSE NYSE

See: New York Stock Exchange
:CMP CMP (cytidine monophosphate): see cytosine.


(1) (CMP Media LLC, Manhasset, NY, www.cmp.com) Part of United Business Media, CMP is a leading integrated media company that offers a wide variety of publications and services in the information
) two North American North American

named after North America.


North American blastomycosis
see North American blastomycosis.

North American cattle tick
see boophilusannulatus.
 rock salt mines is located in Cote Blanche, Louisiana, approximately 100 miles west of New Orleans. The area was only mildly affected by Hurricane Katrina and Hurricane Rita, and the company's mine has sustained no damage. The mine closed at noon on September 22 to ensure the safety of employees and their families and remains closed due to a power outage in the area. The company expects power to be restored in the next few days at which time the Cote Blanche mine is expected to resume normal operations.

While barge access to the mine has not been impaired by the hurricanes, barge traffic to and from the Cote Blanche area was reduced after Hurricane Katrina while barge companies accommodated rescue efforts along the Mississippi River. Compass estimates that shipping traffic will continue to be reduced for another two to four weeks because there are fewer terminals and grain elevators at which southbound barges can be unloaded and made available for northbound shipments. Compass Minerals does not believe it will be able to compensate for this reduction in shipping capacity, so the company expects to decrease rock salt production at its Cote Blanche mine by 75,000 to 200,000 tons for the 2005-2006 winter season. Barring unexpected supply-chain disruptions, Compass currently anticipates that it will be able to meet its bid commitments for the upcoming season.

From May to October each year, Compass Minerals submits bids to supply rock salt to North American governments for their highway deicing De-icing is the process of removing ice from a surface.

Anti-icing is the process of preventing ice from forming on a surface.

Deicing can be accomplished by mechanical methods (scraping), through the application of heat, by use of chemicals designed to lower
 needs. The company has completed approximately 95 percent of its bid process for the 2005-2006 winter season and, to date, has averaged an eight percent increase in its bid price per ton. The bid price includes the cost of transportation, and Compass currently estimates that increased diesel fuel and transportation costs will fully offset this year's bid price improvement. The company also expects that transportation costs for its other product lines will be higher than in the prior year.

The volume of the company's highway deicing bid awards for the 2005-2006 winter season is similar to its awards for the 2004-2005 season. Compass sold 9.2 million tons of rock salt to North American highway deicing and industrial customers in 2004, which was a year with modestly above-average snowfall in the markets Compass serves. The company also produces and sells rock salt in Great Britain.

About Compass Minerals International, Inc.

Based in the Kansas City metropolitan area, Compass is the second-leading salt producer in North America and the largest in the United Kingdom. The company operates nine production facilities, including the largest rock salt mine in the world in Goderich, Ontario. The company's product lines include salt for highway deicing, consumer deicing, water conditioning, consumer and industrial food preparation, agriculture and industrial applications. In addition, Compass is North America's leading producer of sulfate sulfate, chemical compound containing the sulfate (SO4) radical. Sulfates are salts or esters of sulfuric acid, H2SO4, formed by replacing one or both of the hydrogens with a metal (e.g., sodium) or a radical (e.g., ammonium or ethyl).  of potash, which is used in the production of specialty fertilizers for high-value crops and turf, and magnesium chloride magnesium chloride Warning - High-alert drug!

Chloromag, Mag 64, Mag Delay, Slo-Mag

Pharmacologic class: Mineral

Therapeutic class:
, which is a premium deicing and dust control agent.

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. These statements are based on the Company's current expectations and involve risks and uncertainties that could cause the Company's actual results to differ materially. The differences could be caused by a number of factors including those factors identified in Compass Minerals International's annual report on form 10-k Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 filed with the Securities and Exchange Commission on March 16, 2005. The Company will not update any forward-looking statements made in this press release to reflect future events or developments.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Sep 27, 2005
Words:609
Previous Article:First-Ever Survey of Relief Recipients Relates Aid Dissatisfaction With Lack of Preparedness and Logistical Failures; Lessons From Developing World...
Next Article:Study Results of Novel Inovio Electroporation Device for Gene Delivery Published in Vaccine Journal.



Related Articles
DTH brings a dramatic revival to the State Theater.
Texaco successfully applies new E&P Technologies in U.S.; Directional Drilling Yields Increased Reserves and Production.
Compass Minerals International, Inc. Names Three Executives to New Posts.
Compass Minerals International, Inc. Increases Quarterly Dividend.
Compass Minerals International, Inc. to Expand Its Magnesium Chloride Capacity.
Compass Minerals International Increases Dividend by 11 Percent.
Compass Minerals to Increase North American Rock Salt Capacity.
Compass Minerals Reports First-Quarter Earnings.
Compass Minerals Subsidiary Announces Price Increase for Liquid Magnesium Chloride.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles