Rock Products - The Leading Voice of the Aggregate Industries.

This Week’s Market Buzz

  • More than 100 people attended a meeting of the Houston County, Minn., Planning Commission during which the commission reviewed a zoning amendment proposed by the Houston County Protectors (HCP), a group which opposes the establishment of frac sand mining in the county. According to the Spring Grove Herald, the planning commission voted 5 to 2 to withhold its stamp of approval for the amendment, which if approved would have altered the mineral extraction section of the county's zoning ordinance. According to HCP members, the proposal would: A) ban frac sand mining in Houston County, B) require non-conforming mines to come into compliance with local regulations, and C) update the county's procedures for handling mining complaints.

Read more: This Week’s Market Buzz

This Week’s Market Buzz

  • Now that the price of oil has dropped by 50 percent or more – down to $45 a barrel on Sept. 18 – frac sand production in Wisconsin also has dropped by 50 percent, according to a report on Wisconsin Public Radio.

Read more: This Week’s Market Buzz

This Week’s Market Buzz

  • Environmental group The Houston County Protectors offered the Houston County, Wis., board what the advocacy group described as a “thoughtful, balanced” amendment to the county’s mining ordinance. Representing the Protectors, Ken Tschumper in a statement said the proposed change to the county’s mineral extraction ordinance “resolves much of the controversy … by proposing two significant changes” – prohibiting frac sand mining and resolving problems with nonconforming mines.

Read more: This Week’s Market Buzz

This Week’s Market Buzz

  • North America Frac Sand Inc., Calgary, Alberta, Canada, has entered into a share exchange agreement to acquire 100 percent of the issued and outstanding shares of North America Frac Sand (CA) Ltd. through the issuance of 37.8 million shares of the company. The acquisition will be completed upon North America Frac Sand (CA) Ltd. providing additional due diligence which will include confirmation that there are at least 6.4 million tons of recoverable reserves of frac sand, and potential reserves of at least 66 million tons, on or before Oct. 15. With more than 30,000 acres of leases, it is the company's intent to prove out the balance of its significant resource of frac sand. The company intends to commence mining operations and shipments as soon as possible.

Read more: This Week’s Market Buzz

This Week’s Market Buzz

  • Dakota Plains Holdings Inc. reported that frac sand transloading volumes were 195,000 tons in the second quarter compared to 110,000 tons in the first quarter of 2015, a 78 percent increase. Revenue from frac sand transloading was $1.6 million for second quarter compared to $0.2 million for the second quarter 2014. The increase in revenue was due to the fact that the frac sand transloading operations did not commence until June 2014. The company transloaded 195,000 short tons of frac sand during the second quarter 2015, which was the highest quarterly throughput to date.

Read more: This Week’s Market Buzz