FBR Capital Initiates Coverage on Ciner Resources LP to Outperform

FBR Capital Initiates Coverage on Ciner Resources LP(NYSE:CINR). The shares have been rated Outperform. The rating by FBR Capital was issued on Apr 12, 2016.

Ciner Resources LP(CINR) last announced its earnings results on Feb 10, 2016 for Fiscal Year 2015 and Q4.Earnings per share were $0.69.

Ciner Resources LP formerly OCI Resources LP (OCIR) owns a controlling 51.0% membership interest and operates the trona ore mining and soda ash production business of OCI Wyoming LLC (OCI Wyoming). OCI Wyoming is a producer of soda ash serving a global market from the Company’s facility in the Green River Basin of Wyoming. The Company processes trona ore into soda ash a raw material in flat glass container glass detergents chemicals paper and other consumer and industrial products. As at December 31 2014 the Company’s Green River Basin surface operations were situated on approximately 880 acres in Wyoming and its mining operations consisted of approximately 23500 acres of leased and licensed subsurface mining area. The Company primarily sells soda ash to American Natural Soda Ash Corporation (ANSAC).

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