January 25, 2014 – The word on the street is, Martin Marietta Materials is in advanced talks to buy the industry’s 14th largest crushed-stone producer,Texas Industries (TXI). An all-stock deal could be announced as early as this coming week, according to my sources.
Read MoreMonth: January 2014
This Week’s Market Buzz
According to the Winona Daily News, a public hearing on a Glacier Sands application to create a 350-acre industrial zone in the town of Milton, Minn., will be held Feb. 13 before the Buffalo County Land Resources/Zoning Committee. Glacier Sands seeks to rezone agricultural land to industrial use as first step in a larger plan to seek permits for building…
Read MoreEnserco Mainstream Acquires Majority Stake in Frac Resources
Enserco Midstream, LLC purchase a majority interest in Frac Resources LLC, a Houston-based oil field service logistics company focused on frac sand storage and transloading. With terminals located in Laredo and near San Antonio, Frac Resources is one of the largest frac sand logistics and distribution companies in the Eagle Ford Shale, transloading over 750 million lb. of frac sand…
Read MoreClaim Post Looks to ‘De-Risk’ Seymourville Frac Sand Project
Claim Post Resources Inc. has retained P&E Mining Consultants Inc. of Brampton, Ontario, Canada, to complete a NI 43-101 Resource Estimate Technical Report on Claim Post’s Seymourville Frac Sand Project located 200km northeast of Winnipeg, Manitoba, Canada.
Read MoreRainmaker Acquires Two Potential Canadian Frac Sand Sites
Rainmaker Mining Corp. has entered into a purchase and sale agreement to acquire two mineral claims in north central Saskatchewan, totaling approximately 10,275 hectares. Both claims have the potential to host deposits of silica sand suitable for hydraulic fracturing.
Read MoreBinMaster Offers Glass Bob Sensor
BinMaster offers the glass bob sensor, which is specifically designed for measuring the level of silica or frac sand, in bins, tanks or silos.
Read MoreSullivan Predicts Growth at World of Concrete
January 22, 2014 – On the first day of the World of Concrete 2014 Show in Las Vegas, The Portland Cement Association’s Chief Economist Ed Sullivan forecast 8 percent growth in cement production this year, according to Don Marsh, editor of sister publication Concrete Products, who is reporting live from the show.
Read MorePro-Tax Group Raises Concerns in Oklahoma
A pro-tax group in Oklahoma is raising concerns among that state’s aggregates producers. The Oklahoma Citizens for Aggregate Benefits will encourage county commissioners, county officials, rural fire departments and others to support HB 1876, which would allow counties to set a tax of up to 7 percent on the production of aggregates.
Read MoreMellott to Expand Used-Equipment Segment
The Mellott Co. has hired Tim Smyth to manage its used-equipment segment, the company said. Smyth will be responsible for further expanding Mellott Co.’s used-equipment business and Certified Rebuild program. Smyth and his team will also be in charge of sourcing used crushing and screening equipment to rebuild and refurbish for worldwide distribution.
Read MoreALJ Ruling in Sago Mine Explosion Overturned
The Federal Mine Safety and Health Review Commission has overturned a decision by Administrative Law Judge Jerold Feldman involving Wolf Run Mining Co.’s Sago Mine in Upshur County, W. Va., where 12 miners died in a massive explosion Jan. 2, 2006. The commission found that the mine operator’s failure to notify MSHA and mine rescue teams immediately after the explosion…
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