Superior Industries Inc. was selected as the material handling supplier for NRG Argentina’s (NRG) new frac sand plant in Río Negro, Argentina. Industrial Accessories Company (IAC), NRG’s EPC contractor for the project, has a long history of successfully partnering with Superior Industries on several frac sand projects.
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Source Energy Services Ltd. has proposed a recapitalization transaction to provide the company with a stronger, long-term capital structure to withstand current industry challenges and build on its position as the largest frac sand provider in the Western Canadian sedimentary basin (WCSB).
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Gordon Brothers, the global advisory, restructuring and investment firm, has been engaged to sell the assets and plant equipment of CSI Sands Ltd., located in Arcadia, Wis., on behalf of the secured lender, Wisconsin Bank & Trust.
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The Winona Post reports that after losing at the district, appellate and state Supreme Court level, Minnesota Sands is taking its case against Winona County’s frac sand ban to the highest court in the land. Minnesota Sands appealed to the U.S. Supreme Court last week, the company announced, asking the high court to take up its case.
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• Oil futures lost ground at press time, prompting prices to turn lower for the week, as an accelerating rise in COVID-19 cases in the U.S. and Europe heightens worries about demand for crude. West Texas Intermediate crude for November delivery fell 58 cents, or 1.4%, to $40.38 a barrel on the New York Mercantile Exchange, December Brent crude was…
Read MoreThe Industrial Minerals Association – North America (IMA-NA) announced the companies and mining operations that will receive its safety recognition awards. IMA-NA Chairman Doug Smith and IMA-NA President Mark Ellis presented the awards at the IMA-NA’s virtual Annual Meeting.
Read MoreAccording to the Star Tribune, a judge refused to reinstate a wetlands permit for a $75 million frac sand operation in Monroe County, Wis. Atlanta-based Meteor Timber has been working for four years to gain permission to build a frac sand plant and rail loading facility on a property that includes a hardwood swamp.
Read MoreAthabasca Minerals Inc. announced the signing of a Term Sheet by its subsidiary, AMI Silica Inc., with an international industrial partner to pursue the Duvernay Silica Sand Project as a joint venture (JV) initiative. This JV initiative aims to co-develop and operate one of the greenest silica sand facilities in North America.
Read MoreHi-Crush Inc. announced that the U.S. Bankruptcy Court for the Southern District of Texas has confirmed its Prearranged Plan of Reorganization.
Read More• Oil prices were falling at press time, with the price of West Texas Intermediate declining more than 6% as OPEC’s production increased in September over August. West Texas Intermediate was $37.79 while Brent dropped 5.22% to $40.09.
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