Referenced Stocks

Compass Minerals Acquires Rock Salt Minig Rights in Chile for $6.5 Mln. Shares Flat Late

By Midnight Trader,  October 03, 2012, 04:55:16 PM EDT

Compass Minerals International ( CMP ) has acquired the mining rights to 100 million tons of salt reserves in the Chilean Atacama Desert.

CMP invested $6.5 mln for the rights and will pay a small per-ton production royalty to the private seller if extraction commences in the future. Under the terms of the deal, the company will have the option to buy out the royalties obligation and maintain the mining interest outright after 15 years. The company said the site would require significant infrastructure development to establish extraction capabilities.

Shares of CMP are trading within a 52-week range of $62.85 - $81.36.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: CMP



Latest News Video



Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.43 0.07  0.52%
CSCO $ 24.24 0.35  1.48%
MSFT $ 34.87 0.79  2.32%
F $ 15.08 0.44  3.01%
ARUN $ 13.10 4.51  25.61%
SIRI $ 3.50 0.05  1.45%
GE $ 23.46 0.19  0.82%
S $ 7.32 0.04  0.55%