Noncontrolling Interest

6 Months Ended

Jun. 30, 2011

Noncontrolling Interest

Noncontrolling Interest

Note 9:        NONCONTROLLING INTEREST

In January 2011, we acquired the remaining noncontrolling interest in Volclay South Africa (Proprietary) Limited, which operates our chromite business, for approximately $5,600.

In February 2011, we sold 26% of our interest in Batlhako Mining Limited ("Batlhako") to Vengawave (Proprietary) Limited, which is a Black Economic Empowerment enterprise (a "BEE") in the Republic of South Africa. Batlhako is our subsidiary dedicated strictly to mining chrome sand and selling it to one of our other subsidiaries for further processing and sale to the end customer. South African law requires that we have a BEE as a partner in the mining operations and this transaction was consummated to comply with those regulations.

Following table sets forth the effects of these transactions on equity attributable to AMCOL's shareholders.

	Six Months Ended June  30, 2011
Net income attributable to AMCOL shareholders	$	25,990
Transfers from noncontrolling interest:
Decrease in additional paid-in capital for purchase of the remaining noncontrolling interest in South Africa (Proprietary) Limited		(5,189)
Decrease in additional paid-in capital for transfer of 26% interest in Batlhako		(3,403)
Change from net income attributable to AMCOL shareholders and transfers from noncontrolling interest	$	17,398