EXHIBIT 10.5                 

     Employment Agreements have been executed by the Company and the indicated
employees, substantially identical in all material respects to the form of
employment agreement filed as Exhibit 10.5 to the Company's 2001 Annual Report
on Form 10-K except as noted below. Each Employment Agreement was executed by
Mr. Saueracker for the Company, except the agreement with Mr. Saueracker, which
was executed by Mr. John Curcio for the Company.

 

EMPLOYEE 
AND POSITION

BASE 
SALARY

DATE OF AGREEMENT

TERMINATION DATE OF AGREEMENT
[IF NOT EXTENDED PURSUANT TO SECTION 1(a)]

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   Gordon S. Borteck
      Vice President,Organization
      and Human Resources

$

200,000 

January 1, 2002

June 30, 2003

   Alain Bouruet-Aubertot
      Senior Vice President,
      Managing Director, Minteq

$

250,000

November 25, 2002

May 31, 2004

   Michael A. Cipolla
     Vice President - Controller
     and Chief Accounting Officer

$

 

160,000

March 1, 2001

 

February 28, 2002

   Kirk G. Forrest
      Vice President, General Counsel
      and Secretary

$

270,000

December 1, 2004

May 31, 2006

   D. Randy Harrison
      Vice President and Managing
       Director, Performance Minerals

$

200,000 

January 1, 2002

June 30, 2003

   William Kromberg 
      Vice President - Taxes

$

 

200,000

March 1, 2001

 February 28, 2002

   Kenneth Massimine
      Senior Vice President, 
      and Managing  Director
      Paper PCC

$

240,000 

January 1, 2002

June 30, 2003

   Paul R. Saueracker
     Chairman, President and
     Chief Executive Officer

$

550,000 

January 1, 2002

December 31, 2003

   John A. Sorel
      Senior Vice President -
      Chief Financial Officer

$

265,000 

January 1, 2002 (amended on
November 25, 2002)

June 30, 2003