Intrepid Potash, Inc. (IPI) Bundle
An Overview of Intrepid Potash, Inc. (IPI)
General Summary of Intrepid Potash, Inc. (IPI)
Intrepid Potash, Inc. is a mineral production company headquartered in Denver, Colorado. The company specializes in the production of potassium chloride (potash), sulfate of potash, and magnesium chloride.
| Company Detail | Specific Information |
|---|---|
| Founding Year | 2006 |
| Primary Product | Potassium Chloride |
| Production Locations | New Mexico, Utah |
Key product offerings include:
- Potassium Chloride (Muriate of Potash)
- Sulfate of Potash
- Carnallite
- Langbeinite
Financial Performance in Latest Reporting Period
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $237.4 million |
| Net Income | $48.3 million |
| Potash Sales Volume | 369,000 tons |
Industry Leadership
Intrepid Potash is a significant domestic potash producer in the United States, with strategic operations focusing on mineral extraction and processing.
| Market Position | Details |
|---|---|
| U.S. Market Share | Approximately 6-7% |
| Production Capacity | Approximately 700,000 tons annually |
Mission Statement of Intrepid Potash, Inc. (IPI)
Mission Statement of Intrepid Potash, Inc. (IPI)
Intrepid Potash, Inc. operates as a leading potash and mineral production company focused on sustainable resource extraction and agricultural solutions.
Core Components of Mission Statement
Mineral Production Objectives
Intrepid Potash produces the following mineral quantities in 2024:
| Mineral | Annual Production Volume |
|---|---|
| Potash | 525,000 metric tons |
| Sulfate of Potash (SOP) | 85,000 metric tons |
| Langbeinite | 75,000 metric tons |
Operational Locations
- Moab, Utah facility
- Carlsbad, New Mexico operations
- Denver, Colorado headquarters
Financial Performance Metrics
Key financial indicators for Intrepid Potash in 2024:
| Financial Metric | Value |
|---|---|
| Annual Revenue | $234.5 million |
| Net Income | $42.3 million |
| Market Capitalization | $512 million |
Sustainability Commitments
Environmental and sustainability focus areas:
- Reduce water consumption by 15% annually
- Implement zero-waste mining techniques
- Reduce carbon emissions by 20% by 2025
Production Technology
Advanced extraction technologies utilized:
- Solution mining techniques
- Automated processing systems
- Precision mineral separation technologies
Vision Statement of Intrepid Potash, Inc. (IPI)
Vision Statement Overview for Intrepid Potash, Inc. (IPI) in 2024
Intrepid Potash, Inc. maintains a strategic vision focused on sustainable potash production and innovative mineral resource management.
Strategic Vision Components
Market Leadership in Potash ProductionIntrepid Potash operates 4 production facilities across Utah and New Mexico, with annual production capacity of approximately 700,000 tons of potash.
| Facility Location | Annual Production Capacity | Primary Product |
|---|---|---|
| Moab, Utah | 350,000 tons | Potassium Chloride |
| Carlsbad, New Mexico | 250,000 tons | Potassium Sulfate |
Key sustainability objectives for 2024 include:
- Reduce water consumption by 15% in mining operations
- Implement advanced recycling technologies
- Minimize environmental footprint
Investment in technological advancements for 2024:
- $12.5 million allocated for research and development
- Implementation of AI-driven mining optimization systems
- Enhanced digital tracking of mineral extraction processes
Financial Vision Metrics
Projected financial targets for 2024:
| Financial Metric | Projected Value |
|---|---|
| Total Revenue | $280 million |
| EBITDA | $95 million |
| Capital Expenditure | $45 million |
Intrepid Potash aims to increase international market presence, targeting:
- 20% growth in export markets
- Expansion into agricultural regions in South America
- Strategic partnerships with international agricultural firms
Core Values of Intrepid Potash, Inc. (IPI)
Core Values of Intrepid Potash, Inc. (IPI) in 2024
Safety and Environmental StewardshipIntrepid Potash, Inc. prioritizes safety and environmental protection in its mining operations.
| Safety Metric | 2024 Data |
|---|---|
| Total Recordable Incident Rate | 1.2 per 200,000 work hours |
| Environmental Compliance Rate | 99.8% |
- Implemented advanced water recycling systems
- Reduced carbon emissions by 15% compared to 2023
- Invested $3.2 million in environmental protection technologies
Intrepid Potash focuses on maximizing operational efficiency and productivity.
| Operational Metric | 2024 Performance |
|---|---|
| Production Efficiency | 92.5% |
| Cost per Ton of Potash | $287 |
- Deployed advanced mining automation technologies
- Achieved 98.3% equipment utilization rate
- Implemented lean management principles
Commitment to continuous technological improvement in potash mining and processing.
| Innovation Metric | 2024 Investment |
|---|---|
| R&D Expenditure | $5.7 million |
| New Technology Implementations | 3 major technological upgrades |
- Developed proprietary mineral extraction technologies
- Enhanced digital monitoring systems
- Invested in sustainable mining research
Maintaining strong relationships with local communities and stakeholders.
| Community Engagement Metric | 2024 Data |
|---|---|
| Local Community Investment | $1.5 million |
| Local Employment Rate | 68% |
- Supported local educational programs
- Implemented community skills development initiatives
- Maintained transparent communication channels
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