Opta Minerals records losses in 2013
Published: Thursday, 13 March 2014
Significance: Opta Minerals, a major processing company of several industrial minerals such as chromite sand, garnet, alumina, bentonite and silica sand, saw its profits falling last year, due to a low global demand in its steel and magnesium segment.
US-based industrial minerals and steel/magnesium vertically
integrated producer, Opta Minerals, has recorded lower profits
in the fourth quarter and net loss in full year (FY)
Profit in Q4 2013 amounted to $962,000, down 2.9% compared to
the same period in 2012, and revenues amounted to $32.8m, down