2008 MTI Releases

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General
DateTitle 
Dec. 18, 2008Minerals Technologies to Reduce Work Force
Company Expects Fourth Quarter Earnings to Fall Short of Wall Street Expectations NEW YORK--(BUSINESS WIRE)--Dec. 18, 2008--Minerals Technologies Inc. (NYSE: MTX) announced today that it is making further reductions in its work force, including hourly and salaried employees--a process that began last month. This reduction of approximately 340 represents 12 percent of the employee population, and reflects both permanent reductions as well as layoffs. ... 
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Sep. 26, 2008Minerals Technologies Names D.J. Monagle Senior Vice President & Managing Director, Paper PCC; Douglas W. Mayger to Succeed Monagle as Vice President & Managing Director, Performance Minerals
NEW YORK--(BUSINESS WIRE)-- Minerals Technologies Inc. (NYSE: MTX) announced today that effective October 1, D.J. Monagle will become senior vice president & managing director, Paper PCC, and that Douglas Mayger will succeed Mr. Monagle as vice president & managing director, Performance Minerals. Mr. Monagle will replace Kenneth L. Massimine, who is retiring from the company effective April 1, 2009. D.J. Monagle joined the company in 2003 as director, Global Marketing... 
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Sep. 23, 2008Minerals Technologies' Mayger Wins California Safety Award
NEW YORK--(BUSINESS WIRE)--Sept. 23, 2008--Doug Mayger, general manager-Carbonates West, Specialty Minerals Inc., a wholly owned subsidiary of Minerals Technologies Inc. (NYSE: MTX), received the first annual California Construction and Industrial Minerals Association (CalCIMA) Safety Award in the industrial minerals category on September 18. Mike Herges, chairman of the CalCIMA Safety and Health subcommittee, presented the award at the CalCIMA annual conference in Rancho Mirag... 
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Aug. 07, 2008Specialty Minerals Inc. Raises Prices
NEW YORK--(BUSINESS WIRE)--Aug. 7, 2008--Effective September 1, 2008, Specialty Minerals Inc. (SMI), a wholly owned subsidiary of Minerals Technologies Inc. (NYSE: MTX) will be implementing price increases for ground calcium carbonate, precipitated calcium carbonate, and lime products used in non-paper applications. These increases will range from 5 percent to 15 percent and will be applied to products manufactured at SMI's North American manufacturing facilities in Adams, Massachuset... 
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Jul. 07, 2008Minerals Technologies Inc. Announces Price Increases for Talc Products
NEW YORK--(BUSINESS WIRE)--July 7, 2008--Minerals Technologies Inc. (NYSE: MTX) announced today that its wholly owned subsidiary Barretts Minerals Inc. has decided to increase prices for Barretts, Montana, talc by 8 percent to 10 percent depending on product. This increase will be effective August 1, or as permitted by contract. The price adjustments for talc products are necessary due to continuous cost increases in energy and fuel necessary to operate the Barretts, Montana, faci... 
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Jun. 16, 2008Brian J. Seelig Joins Minerals Technologies as Vice President, Global Manufacturing, Minteq
NEW YORK, Jun 16, 2008 (BUSINESS WIRE) -- Brian J. Seelig has joined Minerals Technologies Inc. (NYSE: MTX) as Vice President, Global Manufacturing, Minteq International Inc., a wholly owned subsidiary that produces refractory materials and systems. He will report to Bill Wilkins, Senior Vice President & Managing Director, Minteq, and will be responsible for Minteq's worldwide manufacturing activities. Due to his previous experience in successfully implementing LEAN Manufacturing programs,... 
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Apr. 15, 2008Minerals Technologies' Unit Institutes Energy Surcharge
NEW YORK--(BUSINESS WIRE)--April 15, 2008--Minerals Technologies Inc. (NYSE: MTX) announced today that its Performance Minerals business will institute an energy surcharge on all orders shipped after April 30, 2008 for calcium carbonate and dolomite products. This includes ground calcium carbonate, specialty precipitated calcium carbonate and dolomite. This surcharge is necessary to offset significant energy price increases at the company's Adams, Massachusetts, Canaan, Connecticut, a... 
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Mar. 31, 2008Minteq Increases Prices on Monolithic Refractory Products
NEW YORK--(BUSINESS WIRE)--Minteq International Inc., a wholly owned subsidiary of Minerals Technologies Inc. (NYSE: MTX), announced today that beginning with shipments on or after April 1, 2008, or as permitted by current customer agreements, prices for its monolithic refractory products will increase 10 percent to 15 percent depending on the grade of the material. Minteq's monolithic refractory products are used primarily in the steel industry for the repair and maintenance of steel-making fur... 
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Jan. 02, 2008Daniel Skrovanek Joins Minerals Technologies Inc. as Vice President, the Americas, Paper PCC
NEW YORK--(BUSINESS WIRE)--Jan. 2, 2008--Minerals Technologies Inc. (NYSE: MTX) announced today that Daniel Skrovanek, Ph.D., will join the company as vice president, The Americas, Paper PCC. Mr. Skrovanek will fill the role vacated by D.J. Monagle, who recently moved to the position of vice president and managing director, Performance Minerals. Mr. Skrovanek joins Minerals Technologies from Bayer MaterialScience LLC, where he spent 18 years in a variety of technical, marketing... 
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Dividends
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Earnings
DateTitle 
Oct. 23, 2008Minerals Technologies Reports Third Quarter Earnings Per Share from Continuing Operations of $0.85, Including Restructuring Charges of $0.17 Per Share
NEW YORK--(BUSINESS WIRE)-- Minerals Technologies Inc. (NYSE: MTX) today reported third quarter diluted earnings per common share of $1.00 compared with a loss of $5.47 in the third quarter of 2007 when the company announced a major restructuring program. Earnings per share from continuing operations were $0.85 in the third quarter and include restructuring charges of $0.17 per share. Earnings per share from discontinued operations were $0.15 for the quarter primarily due to a gain ... 
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Jul. 24, 2008Minerals Technologies Inc. Reports Record Second Quarter Diluted Earnings Per Share from Continuing Operations of $0.98, an 18-Percent Increase over Prior Year
Total Earnings per Share was $1.22 including Gain on Sale of Assets Company Also Declares Regular Dividend of $0.05 per Share on its Common Stock NEW YORK--(BUSINESS WIRE)--July 24, 2008--Minerals Technologies Inc. (NYSE: MTX) today reported second quarter diluted earnings per common share of $1.22 compared with $0.74 per share in the second quarter of 2007. Earnings from continuing operations were $0.98 per sh... 
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Apr. 24, 2008Minerals Technologies Inc. Reports First Quarter Diluted Earnings Per Share from Continuing Operations of $0.88 on Sales of $277.5 Million
Company Realizes Positive Impact on Earnings from 2007 Restructuring Company Also Declares Dividend of $0.05 per Share on its Common Stock NEW YORK--(BUSINESS WIRE)--April 24, 2008--Minerals Technologies Inc. (NYSE: MTX) today reported first quarter diluted earnings per common share of $0.88 from continuing operations, a 35-percent increase from the $0.65 reported in the first quarter of 2007. The company als... 
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Jan. 31, 2008Minerals Technologies Reports Fourth Quarter Diluted Earnings Per Share Of $0.86
Company Records Net Loss of $3.31 per Share for Full Year 2007 Due to the Realignment Program Initiated in the Third Quarter Company Declares Regular Quarterly Dividend of $0.05 per Share NEW YORK--(BUSINESS WIRE)--Jan. 31, 2008--Minerals Technologies Inc. (NYSE: MTX) today reported net income of $16.8 million, or $0.86 per share, for the fourth quarter 2007, compared with $10.5 million, or $0.55 per share in the same period of 2006. "As part of the realignm... 
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