This Week’s Market Buzz
- Published: Wednesday, 05 December 2012 17:49
- A California development company with an Ashland, Ore., office hopes to mine sand on a 69-acre property in Coos Bay, Ore., and build a 500-unit housing development there when the mining is done, according to the Ashland Daily Tidings. That sand may be used for frac sand and construction sand as well. Ocean Grove Development Group LLC is seeking proposals from contractors to extract and sell sand. The company estimates that 3.5 to 4 million cu. yd. of sand could be removed from the site. Once the sand is removed, the company hopes to build 500 units of housing on the property, intended to serve people employed in an “industrial renaissance the company says it foresees in Coos Bay.”
- A Houston County, Wis., frac sand mine won’t be allowed to operate during the county’s moratorium, a judge has ruled. Wabasha County Judge Terrence Walters ruled late last week not to lift a stop work order issued by Houston County for the mine, known as the Erickson Quarry and located a few miles southeast of Rushford. Minnesota Sands LLC, along with mine owners Tracie and Michelle Erickson, had argued that the company should be able to mine sand because of a 1992 conditional-use permit, according to the LaCrosse Tribune.
- The Chippewa County, Wis., Economic Development Committee approved a resolution asking the state to do an economic impact study of frac sand mining. The chairman of the county committee, however, said a study won’t happen unless it is regional, “so hopefully other counties will also make the request.” Having firm figures on the economic impact of the sand industry would allow Chippewa County to look to see if its available workforce is meeting the needs of the industry, according to the Chippewa Herald.