All Posts from August 9, 2016

Agrium mine down due to accident

Agrium Inc. said its Vanscoy, Sask., potash mine is still closed today after a worker suffered a serious injury Monday morning, Aug. 8. “The mine is still closed while we focus on safety discussions with our workforce,” a company spokesman told Green Markets. “We are currently working on a safe restart plan.”

The company said the worker is still in the hospital. The company said its continued focus remains with the employee, his family and the safety of its workers.

OCI Partners posts 2Q loss

OCI Partners LP, citing lower ammonia and methanol prices, posted a second-quarter loss of $15 million on sales of $56 million, compared to a year-ago net income of $13 million on sales of $80 million.

While ammonia sales volumes were up at 75,000 st from the year-ago 63,000 st, average selling prices were $301/mt, down from $447/mt. Methanol sales were also up, but prices declined to $192/mt from $362/mt.

LSB Ag volumes up on lower prices

LSB Industries Inc. reported a 31 percent increase in Agricultural volumes for the second-quarter ending June 30, 2016, though average selling prices were off 28-30 percent depending on commodity. Industrial, Mining and Other Chemicals saw a 5 percent drop in volumes

LSB reported an operating loss of $8.9 million compared to a year-ago loss of $1.6 million. Sales were $110 million, down from $125.5 million.

LSB reported a loss from continuing operations of $7.7 million, versus the year-ago loss of $2.9 million. Net income from discontinued operations were $22.8 million up from $3.3 million. LSB sold its Climate segment July 1.

Overall, the company reported net income of $15.1 million, up from the year-ago $417,000. Net income attributable to common shareholders was $5 million, up from $417,000.