Intrepid Potash Inc

Intrepid Potash (NYSE: IPI) is the only U.S. producer of potash and supplies approximately 9% of the country’s annual consumption.  Potash is applied as an essential nutrient for healthy crop development, utilized in several industrial applications and used as an ingredient in animal feed.    Intrepid also produces a highly sought-after specialty fertilizer, Trio^®, which delivers three key nutrients, potassium, magnesium and sulfate, in a single particle. Intrepid is geographically advantaged serving diverse customers in markets where a logistical advantage exists; and is a leader in the utilization of solar evaporation production, one of the lowest cost, environmentally friendly production methods for potash.  Intrepid produces potash from three solar solution facilities and two conventional underground mines.To continually deliver value to our shareholders, employees and employees’ communities. We’ll do this through operational excellence and profitable capital investments, and by providing high quality products.

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 substantially above 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.