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Athabasca to Manage Coffey Lake Public Pit

Athabasca Minerals Inc. (AMI) was awarded a 15-year contract by the Province of Alberta, Canada, to construct, operate and manage the Coffey Lake Public Pit north of Fort McMurray, Alberta. This Crown resource is situated on approximately 1,345 acres of land about 90 km north of Fort McMurray. 

Read more: Athabasca to Manage Coffey Lake Public Pit

States Introduce Transportation Bills

Legislators in 37 states introduced 185 bills aimed at boosting transportation investment in the first two months of 2019, a new analysis finds. This number is higher than the amount of legislation the American Road & Transportation Builders Association’s Transportation Investment Advocacy Center (ARTBA-TIAC) tracked over the same time period last year and is projected to grow as additional measures are introduced throughout the year.

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Dodge Momentum Index Falters in February

The Dodge Momentum Index lost 4.4 percent in February, falling to 146.9 (2000=100) from the revised January reading of 153.6. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. 

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LafargeHolcim Predicts Market Growth in North America

LafargeHolcim reported net sales growth of 5.1 percent in its fourth quarter. Four bolt-on acquisitions were completed in 2018 in Europe and North America, which drove growth and added to the company’s presence in Ready-Mix Concrete and Aggregates. These acquisitions had immediate impact on profitability and brought the company closer to its end-customers. Four more bolt-on acquisitions have been signed in 2019 in Europe, Australia and North America.

Read more: LafargeHolcim Predicts Market Growth in North America

Knife River Acquires Oregon Construction Materials Firm

MDU Resources Group Inc.'s subsidiary Knife River Corp. acquired Viesko Redi-Mix, Inc., a ready-mix concrete supplier headquartered near Salem, Ore.

Read more: Knife River Acquires Oregon Construction Materials Firm