IEDA Announces New Sponsor Level

The Independent Equipment Dealers Association (IEDA) announced that it has created a new “Sponsor Level” of affiliation, designed specifically for OEM dealers, auction companies and industry specific organizations. The purpose of this new sponsor level is to acknowledge support for the organization from those companies and businesses who are not recognized as “independent dealers” according to the organizational by-laws and therefore do…

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This Week’s Market Buzz

A state appeals court has affirmed a decision blocking a frac sand mine in western Wisconsin, according to a report on Wisconsin Public Radio. The Mississippi Land Connection and Timber Company LLC and Wisconsin Bluff Sands LLC filed an application for a permit for a mine in the town of Waumandee in 2013. The Buffalo County Board of Adjustment denied…

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U.S. Silica to Acquire Regional Frac Sand Producer

U.S. Silica Holdings Inc. announced an agreement to acquire a leading regional sand producer for approximately $210 million. The acquisition of the NBR Sand unit of the privately owned New Birmingham Inc. is expected to close in August 2016, subject to certain adjustments at closing. The transaction will be funded using a combination of cash on hand (57 percent) and…

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NMA VP Testifies on Unwarranted Land Withdrawal

National Mining Association (NMA) Senior Vice President and General Counsel Katie Sweeney told a Senate panel that the Bureau of Land Management’s (BLM) withdrawal of more than 10 million acres of mineral-rich federal land from mining activity under the guise of sage grouse conservation “will cause serious hardship to the nation’s economic and mineral security,” while doing nothing to combat…

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