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Frac Sand Insider Moves to Wisconsin

Mining Media International (MMI) and Rock Products magazine are pleased to announce that the highly successful Frac Sand Insider conference is moving to Wisconsin.

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Caterpillar Invests in Peer-to-Peer Equipment Rental

To help customers maximize the use and productivity of their owned equipment, Caterpillar Inc. is entering an agreement with Yard Club, a start-up company that has developed an online peer-to-peer equipment rental platform.

 

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Johnson Hammers Congress on Possible Transportation Cuts

National Stone, Sand and Gravel Association (NSSGA) President and CEO Michael W. Johnson urged Congress to rethink a proposed 22 percent cut to federal transportation projects contained in a recently passed federal spending blueprint. While Johnson acknowledged that the budget resolution passed May 5 is, fortunately, only a non-binding outline for federal spending, he pointed out that the proposed cuts would further degrade “a system already in crisis” and would harm the U.S. economy.

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NRP Reports Mixed Results for First Quarter

Natural Resource Partners (NRP) reported first quarter 2015 revenues of $109.7 million, resulting in net income per unit of $0.14 compared to $80.3 million in revenues and net income per unit of $0.29 reported for the first quarter 2014. Distributable cash flow was $53.3 million in the first quarter 2015 compared to $38.9 million for 2014. NRP also reported Adjusted EBITDA of $64.2 million for first quarter 2015 versus $69.0 million for first quarter 2014.

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