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Intrepid Potash (IPI)

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Last Post: 11/23/2016 11:10:57 AM - Followers: 22 - Board type: Free - Posts Today: 0
Intrepid Potash

We are the largest producer of muriate of potash (MOP, or potassium chloride) in the U.S. and are dedicated to the production and marketing of potash and langbeinite (sulfate of potash magnesia), another mineral containing potassium. Potassium is one of the three nutrients essential to plant formation and growth. Since 2004, we have supplied, on average, 1.5% of world potash consumption and 8.5% of U.S. consumption annually, and we have supplied a considerably higher proportion of the potash consumed in the southwestern and western U.S., our core markets. We are one of two exporting producers in the world of langbeinite, a low-chloride fertilizer that is better suited than MOP for chloride-sensitive crops. We also produce salt, magnesium chloride and metal recovery salts from our potash mining processes. We own five active potash production facilities—three in New Mexico and two in Utah—and we have the nameplate capacity to produce 1,200,000 tons of potash and 250,000 tons of langbeinite annually. For the nine-month period ended September 30, 2007, we sold approximately 679,000 tons of potash and approximately 132,000 tons of langbeinite, an increase of 31% and 91%, respectively, over the comparable period in 2006.

We own two development assets in New Mexico—the HB Mine, which is an idled potash mine that we are in the process of reopening as a solution mine, and the North Mine. We expect that the expansion opportunities at our operating facilities and the HB Mine will increase production by an aggregate of over 370,000 tons of potash and langbeinite annually over the next five to seven years.

Our principal assets include:

Two conventional, underground potash mines in Carlsbad, New Mexico—the West Mine and the East Mine—and the North Facility compaction plant. The West Mine has the nameplate capacity to produce 510,000 tons of potash annually. Potash from our West Mine is processed at our North Facility compaction plant. The East Mine produces two products, with the nameplate capacity to produce 390,000 tons of potash and 250,000 tons of langbeinite annually. The East Mine mill is a dual potash and langbeinite facility that uses a first-of-its-kind milling process.

Two potash facilities in Utah—the Moab Mine and the Wendover Facility. The Moab Mine uses solution mining methods to extract potash and has the nameplate capacity to produce 180,000 tons of potash annually. The Wendover Facility collects potash from natural brines and has the nameplate capacity to produce 120,000 tons of potash annually. Both of these facilities use low-cost solar evaporation to recover potash.

Two development assets in Carlsbad, New Mexico—the HB Mine and the North Mine. The HB Mine is an idled potash mine that we are in the process of reopening as a solution mine. We expect to commence Phase I of the project in 2008, with production beginning in 2009. We believe Phase I has the potential to ultimately add up to 150,000 to 200,000 tons of additional low-cost potash production annually by 2011. The North Mine is another idled underground potash mine that we may choose to reopen in the future and that already has in place mine shafts and much of the transportation and utility infrastructure required for operation.

Company History

Intrepid Mining was formed in January 2000 for the purpose of acquiring the Moab Mine from PCS. The Moab Mine was a solution mine which had experienced sustained declining production. Our management team stabilized production volumes at nearly twice the pre-acquisition level by applying horizontal drilling technology that is commonly used in the oil and gas industry but had never before been used to mine potash.

We observed that potash from Moab shared markets with potash produced in Carlsbad, New Mexico and in Wendover, Utah. Accordingly, we formulated a strategy to acquire assets in those areas in order to consolidate marketing efforts and effect operating synergies. We acquired the assets of Mississippi Potash, Inc. and Eddy Potash, Inc. in Carlsbad, New Mexico from Mississippi Chemical Company in February 2004. In April 2004, we acquired the potash assets of Reilly Chemical, Inc. in Wendover, Utah.

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Current Price
Bid Ask Day's Range
IPI News: Statement of Changes in Beneficial Ownership (4) 12/01/2016 05:27:51 PM
IPI News: Current Report Filing (8-k) 11/14/2016 05:09:15 PM
IPI News: Amended Statement of Beneficial Ownership (sc 13d/a) 11/10/2016 04:43:26 PM
IPI News: Statement of Changes in Beneficial Ownership (4) 11/10/2016 04:38:40 PM
IPI News: Statement of Changes in Beneficial Ownership (4) 11/10/2016 04:38:10 PM
News News Alert: Statement of Changes in Beneficial Ownership (4) 12/01/2016 05:27:51 PM
#289   Agriculture Fertilizer serious38 11/23/16 11:10:57 AM
#288   Weekly Fertilizer Review: serious38 11/21/16 02:39:49 PM
#287   I think so too. That's why I started serious38 11/21/16 12:16:33 PM
#286   POT and IPI have basically the same chart stockboy 11/20/16 02:58:22 AM
#285   The biggest potash producer in the USA kevhayka 11/14/16 04:23:52 PM
#284   5 $ a share on the way $$$$$$$$$$$$$$$$$$$$$$$$$$$$$ kevhayka 11/11/16 09:25:47 AM
#283   5 $ a share on the way $$$$$$$$$$$$$$$$$$$$ kevhayka 11/11/16 09:25:25 AM
#282   5 $ a share on the way $$$$$$$$$$$$$$$$$$$$$$$$$$ kevhayka 11/11/16 09:22:06 AM
#281   The Stock Market Could be Underestimating This Company’s Value cdrom 10/05/16 09:55:07 AM
#280   IPI~wouldn't you know-big merger news of POT_&_AGU lit Stanner 08/30/16 01:28:55 PM
#279   IPI~ ticker trading list of mine-no violent or Stanner 08/30/16 01:01:42 PM
#278   Good call. What was your reasoning? SteezePleeze 08/30/16 10:34:21 AM
#277   IPI~held_&_I believe it should go up from $1.30+ level Stanner 08/29/16 10:05:25 AM
#276   IPI~rebound_or_OTC_?_ Stanner 07/06/16 10:16:09 AM
#275   IPI~here Stanner 07/06/16 10:15:40 AM
#274   IPI~happened Stanner 07/06/16 10:15:25 AM
#273   IPI~ what Stanner 07/06/16 10:15:00 AM
#272   So do I.$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ running bull 05/23/16 03:40:57 PM
#271   Intrepid Potash (NYSE: IPI) is the only U.S. crudeoil24 05/23/16 03:29:21 PM
#270   I love the sound of IPI potash in crudeoil24 05/23/16 03:12:13 PM
#269   IPI @ 1.45 up 13% > Form 3,4's crudeoil24 05/23/16 03:10:12 PM
#268   CEO bought 340k shares at 1.29. What does Joeyohso 05/12/16 07:27:01 PM
#267   most comments are on yahoo's board ernie44 05/10/16 05:02:05 PM
#266   16 followers and a pps on the rise. JTrader 03/08/16 12:49:23 AM
#265   I just love the sound of potash.$$$$$$$$$$$$$$$$$$$$JMO running bull 03/03/16 07:48:05 PM
#264   good going .. making money.... Chance 03/02/16 09:52:35 AM
#263   I went ahead and took my profit because Marilynt 03/02/16 09:43:28 AM
#262   well .. some good momentum starting up.... Chance 03/02/16 09:36:52 AM
#261   Good morning Chance. It's nice to hear Marilynt 03/02/16 08:00:24 AM
#260   wow..hi ya Marilyn..this might be bottoming soon.... Chance 03/01/16 08:42:11 PM
#259   Got a starter @.66 and hoping this is Marilynt 03/01/16 06:25:21 PM
#258   one of a couple big decliners watching for reversals Chance 03/01/16 02:00:54 AM
#257   * * $IPI Video Chart 02-29-16 * * ClayTrader 02/29/16 04:57:07 PM
#256   Got a starter at $1.02. willlbone 02/29/16 10:00:31 AM
#255   Will this become IPIQ or IPID LongPluto 01/26/16 06:20:57 AM
#254   From a balance sheet view, this should be Jld3294 01/06/16 08:39:55 AM
#253   ,,,,,,,Adding more IPI tomorrow for quick scalp. MONEYMADE 06/22/15 01:01:11 AM
#252   tynich01 07/14/14 10:36:37 PM
#251   This is a great post. You pretty Gonzo10000 07/31/13 04:24:26 PM
#250   Before you take a call, read this Q1 ECole 07/31/13 08:15:42 AM
#249   Sold $14+ in AH, looking for reentry in CowBoE 07/31/13 07:57:25 AM
#248   MOS and POT recovered 1/2 their loss from CowBoE 07/30/13 04:10:09 PM
#247   I hope u are right wecap 07/30/13 03:57:05 PM
#246   What a gift. In @13.00. CowBoE 07/30/13 11:14:13 AM
#245   I2, Other than weather if I am correct next Chas1961 05/29/13 04:44:22 PM
#244   The downtrend is gathering momentum. IPI has broken investora2z 03/29/13 12:21:20 PM
#243   ~ Wednesday! $IPI ~ Q1 Earnings posted, pending Penny Roger$ 05/01/12 09:55:08 PM
#242   <<< $IPI Links! >>> ~ MAC's Quick DD Penny Roger$ 05/01/12 09:54:51 PM
#241   ~ Wednesday! $IPI ~ Earnings posted, pending or Penny Roger$ 02/13/12 03:44:00 AM
#240   Buy ipi calls!! Depending on the market open Kstacey 01/16/12 11:26:10 PM