Source Energy Services Ltd. has acquired RWR Trucking Inc.’s sand trucking assets for a combination of cash, vendor take back note and assumed lease obligations.
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Senate Bill Would Solidify Phosphate, Potash as Critical Minerals
The Fertilizer Institute (TFI) praised the U.S. Senate for introducing bipartisan legislation to include phosphate and potash on the final list of critical minerals of the Department of the Interior. Introduced by Sens. Thom Tillis (R-N.C.), Sherrod Brown (D-Ohio), Tammy Baldwin (D-Wis.), Roger Marshall (R-Kan.), Pete Ricketts (R-Neb.), and Rick Scott (R-Fla.), the legislation will recognize the importance of ensuring…
Read MorePermitting Update: Colorado
An application for a proposed gravel mine at Dotsero may return, but it will be a while, and any new application will be changed from the one heard Monday by the Eagle County Board of Commissioners. After nearly four hours of public hearing Monday, the developer of the proposed mine withdrew the application. In deliberations, all three commissioners said they’d…
Read MoreArcosa to add Ameron Pole Products to Portfolio
Aggregate, barge and utility structures producer Arcosa Inc. has announced a definitive agreement to acquire Ameron Pole Products LLC from Houston-based NOV Inc. The $180 million cash deal involves four Alabama, California and Oklahoma operations offering prestressed concrete or steel poles for a broad range of infrastructure applications, including lighting, traffic, electric distribution, and small-cell telecom. Ameron Pole Products will…
Read MoreU.S. Silica Reports 88% Year-Over-Year Net Income Increase
U.S. Silica Holdings Inc. announced its fourth quarter and full-year results for the period ended Dec. 31, 2023. The company is reporting full-year 2023 net income of $146.9 million, an 88% year-over-year increase. Full-year 2023 total company contribution margin of $549.7 million represented a 16% year-over-year increase. Net income for the fourth quarter ended Dec. 31, 2023, was $29.1 million, or $0.37…
Read MoreSource Reports Highest Annual Revenue on Rise in Sand Volumes
Source Energy Services Ltd. announced financial results for the three and 12 months ended Dec. 31, 2023. Highlights for the year ended Dec. 31, 2023 include the following: Total revenue for the year ended Dec. 31, 2023 was $569.7 million, Source’s highest annual revenue reported to date and an increase of $153.8 million compared to last year, as activity levels in…
Read MoreMSHA Reports Second Fatality of 2024
MSHA reported that on Jan. 29, a miner died when his haul truck traveled over the edge of a stockpile and overturned. This is the second fatality reported in 2024, and the second classified as “Powered Haulage.” MSHA recommends the following best practices to avoid this type of accident:
Read MoreBreedon Enters North American Aggregates Market
Breedon Group plc, a vertically-integrated construction materials group in Great Britain and Ireland, announced the acquisition of BMC Enterprises Inc. The price was $300 million. BMC is a supplier of ready-mixed concrete, aggregates and building products headquartered in St Louis, with a strong track record of both organic and transactional growth. Breedon said this is a “compelling opportunity to launch…
Read MoreDespite Community Concerns, Texas Aggregates Industry Drives Economic Growth
Williamson County, Texas, reportedly has the most quarries of any other county in the state. So it’s no surprise that community opposition to quarry operations there is higher than elsewhere. The Coalition for Responsible Aggregate Mining (CREAM) is spearheading that opposition.
Read MoreMSHA Launches Tool to Help Miners, Mining Communities
The U.S. Department of Labor announced that its Mine Safety and Health Administration (MSHA) has unveiled an online platform to help miners and their families navigate the process of finding healthcare providers, facilities and related resources.
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