Compass Minerals to expand "world's largest salt mine"
Compass Minerals' CEO Angelo Brisimitzakis announced July 27 that the company will invest $11 million of the $36.3 million received from sale of its UK-based Salt Union evap plant last year into new equipment to expand production at Sifto Canada's Goderich, Ontario salt mine. The $11 million will yied a 750,000 ton annual capacity boost to 7.25 million tons by 2008. A second phase to expand an additional 1 million tons awaits market demand. Compass bills the Goderich mine as "the world's largest salt mine." With this expansion, the mine would surpass Exportadora de Sal's solar saltworks in Guererro Negro, BCS, Mexico to become the world's largest salt production facility.
