What is Asphaltite?

  • Asphaltite (also called Gilsonite) is used in more than 160 products, primarily dark-colored printing inks and paints, oil well drilling muds and cements, asphalt modifiers, foundry sand additives, and a wide variety of chemical products.
  • Asphaltite is mined much like any other mineral and sold essentially in its native state.
  • Asphaltite for use in asphalt is currently sold all over the world as an asphalt modifier in the form of a dry bulk solid granular powder.
  • Just a few countries are known to produce asphaltite, including the US (Utah), and more recently Colombia and Iran.
  • AM’s target market is asphaltite-modified asphalt producers. Such asphalt provides:
    • more stability
    • less deformation
    • lower sensitivity to temperature
    • resistance to water stripping
    • increased load-bearing capacity.
  • Asphaltite currently sells for around US$400 per ton, 10 times more than coal.
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