Intrepid Potash (NYSE: IPI) owns and operates potash mines located in Utah and in Carlsbad, New Mexico. In addition to potash the company sells Solar Salt, Magnesium Chloride brine and Sulfate of Potash Magnesia. The company was founded in 2007 and is headquartered in Denver, CO.
According to its website, Intrepid Potash, Inc. is the largest producer of potash (potassium chloride) in the United States. The US currently imports almost 85% of its potash needs, implying that Intrepid's market share is under 15%.
Although most potash is shaft mined, Intrepid employs a solution mining process. The five year plan focuses on increasing production while decreasing costs and upgrading facilities.