Cimbar Performance
Minerals To Acquire Barretts Minerals' Mount Vernon, Indiana Plant
October 26, 2009 - Cimbar
announced its intention to acquire the Mt. Vernon, IN minerals processing plant currently owned by Barretts Minerals (the
subsidiary of Specialty Minerals). The Facility will complement Cimbar's existing product lines of barium sulfates, bentonite
clays, and magnesium hydroxides with the additional lines of talcs and calcium carbonates. Cimbar will own SMI's baryte, calcium
carbonate, and talc products of BARICRON, CLEAR-BLOC, FLEXTALC,
and RIVERCAL. To learn more of Cimbar’s announcement, please refer to the original press release below.
Please click here to download the pdf file.
Rio Tinto Continues Plans To Divest Of Talc Business
March 11, 2010 Harry Kenyon-Slaney, CEO of the Diamond and Minerals Division of Rio
Tinto announced renewed efforts to sell its talc product line. Due to the economic downturn in late 2008, Rio Tinto ceased
initial plans to divest its talc and borates businesses. After reviewing the situation, the company
has decided to retain the borate operations and continue forward with the sale of its talc business. Rio Tinto is an international exploration and mining conglomerate whose major products include aluminum, copper,
diamonds, energy products, gold, industrial minerals (borates, titanium dioxide, salt, and talc), and iron ore. The minerals
operation netted a $78 million profit in 2009. To learn more of Rio Tinto's announcement, please refer to the original
press release below.
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