Construction spending decreased in June for the third month in a row but most segments posted solid increases in the first half of 2016 compared to the same period in 2015.
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Vulcan Aggregates Shipments up 9 Percent This Year
Vulcan Materials Co. announced results for the second quarter ended June 30, 2016. Second quarter total revenues, compared with prior year’s second quarter, increased $62 million, or 7 percent, to $957 million. Gross profit increased $58 million, or 25 percent, to $292 million.
Read MoreNonmetallic Mineral Products Index Dips in June
The nonmetallic mineral products industry leading index decreased to 249.5 in June from a revised 250.2 in May, according to the U.S. Geological Survey. Its six-month smoothed growth rate decreased to 1.3 percent in June from a revised 2.3 percent in May.
Read MoreTelematics Standard Receives ISO Approval
The mixed-fleet telematics standard from the Association of Equipment Manufacturers (AEM) and Association of Equipment Management Professionals (AEMP) has received approval from ISO, the International Organization for Standardization, to be accepted as a global standard.
Read MoreMSHA Targets Four Quarries During June Inspections
The Mine Safety and Health Administration (MSHA) announced that federal inspectors issued 114 citations and four orders during special impact inspections conducted at 11 coal mines and six metal and nonmetal mines in June.
Read MoreNMA 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…
Read MoreHousing Starts Climb Higher in June
Nationwide housing starts rose 4.8 percent in June to a seasonally adjusted annual rate of 1.19 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Overall permit issuance increased 1.5 percent to a seasonally adjusted annual rate of 1.15 million.
Read MoreEagle Materials Earns Record Quarterly Revenue
Eagle Materials Inc. reported financial results for the first quarter of fiscal 2017 ended June 30, 2016. The company is reporting:
Read MoreSafety to be Hot Topic at MINExpo
MINExpo International 2016 takes place Sept. 26-28, 2016, in Las Vegas. The show “provides attendees the opportunity to view technologies that will help them as they refine their management of safety,” said Bruce Watzman, senior vice president of regulatory affairs, National Mining Association (NMA).
Read MoreKomatsu to Merge with Joy Global
Joy Global announced on July 21 that its board of directors unanimously approved a definitive merger agreement whereby Komatsu America Corp. will acquire Joy Global in a transaction valued at about $3.7 billion. Under the terms of the agreement, Joy Global stockholders will receive $28.30 per share in cash for each outstanding share of common stock held, representing a 48…
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