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Fly Like an Eagle

RR053119 EagleMaterialsLogoMay 31, 2019 – Just in time for the weekend, Eagle Materials announced that its long-rumored strategic re-evaluation was over. The envelope, please. The company's board of directors has approved a plan to separate its Heavy Materials and Light Materials businesses into two independent, publicly traded corporations by means of a tax-free spin-off to Eagle shareholders. The separation is expected to be completed in the first half of calendar year 2020. The company also announced that it is actively pursuing "alternatives" for its Oil and Gas Proppants business, which is a polite way to say they want to dump it. It is no secret that hedge fund Sachem Head Capital Management, which owns a company stake and board positions, had determined that the "underperforming" division was a drag on stock price. The new Heavy Materials business unit will include its aggregates operations.

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Bring Congress to Your Quarry This Summer

RR052819 BookerMay 28, 2019 – Want to do your part to advance infrastructure funding? The National Stone, Sand and Gravel Association says bring Congress to your quarry this summer. Not only do quarry tours offer your representatives media exposure and quality time with their constituents, but you gain the opportunity to discuss important issues one-on-one with your representatives. Any operation willing to plan their own tours should take a moment to highlight the history of the operation, introduce your staff and give a description of your involvement in the community, and any key safety and environmental programs you’ve initiated. Most importantly, do not be afraid of discussing any regulatory or legislative concerns elected officials can address.

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MDU Resources Thinks Sustainable

RR052419 MDU.ResourcesMay 24, 2019 – The Board of Directors of MDU Resources Group Inc. approved the formation of an Environmental and Sustainability Committee at the board level. "More focused oversight by the board over MDU Resources' environmental and sustainability commitments emphasizes how important these efforts are to the overall company strategy and success," said Dennis W. Johnson, chair of the board.

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No Political Football

RR052319 HighwayBillMay 23, 2019 – I have a message for President Trump and Congress: Do not turn infrastructure funding into a political football! President Trump abruptly canceled an infrastructure meeting with House Speaker Nancy Pelosi and Senate Minority Leader Charles E. Schumer at the White House yesterday and declared that bipartisan cooperation was impossible while House committees are investigating him. He also demanded that Congress pass a trade agreement replacement for NAFTA before infrastructure legislation. Trump apparently took umbrage at remarks by Pelosi earlier in the day regarding a "cover-up," setting up the confrontation. Trump refused to even sit down when he walked into the scheduled Cabinet Room meeting with the Democratic leaders. He then headed to a pre-arranged news conference in the Rose Garden. This is no time for political posturing. We need a highway bill, and cooperation.

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Blumenauer Seeks Five-Cent Gas Tax Increase

RR052219 BlumenauerMay 22, 2019 – Rep. Earl Blumenauer (D-Ore.), chairman of the House Ways and Means Committee’s Subcommittee on Trade, introduced a bill which would, according to Politico, raise the federal user fee on gasoline by five cents a year over five years. Blumenauer, a featured speaker at the Highway Materials Group’s recent Infrastructure Week press conference, introduced the legislation one day before President Trump’s second infrastructure meeting with Democratic congressional leaders. Back in April, the two sides previously met and agreed that a $2 trillion infrastructure package could help address the nation’s infrastructure. The National Stone, Sand and Gravel Association said that progress is being made each and every week as Congress and President Trump’s administration continue infrastructure talks. Contact your representatives in Congress to make sure they know how important infrastructure is to you, your family, businesses and community. Tell Congress to Act Now! 

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