Victory Nickel Inc. announced that a resource estimate of approximately 11 million tons of sand has been completed by Summit Envirosolutions Inc. on the company’s Bear Coulee frac sand property and will be incorporated into a National Instrument 43-101 technical report. The Bear Coulee frac sand property is located in Trempeleau County, Wis., and was optioned by Victory Nickel in…
Read MoreDay: February 12, 2015
Hi-Crush Reports Record 2014 Results
Hi-Crush Partners reported record fourth quarter and full year 2014 results. Net income for the quarter was $38.4 million. The company reported earnings before interest, taxes and depreciation and amortization of $44.6 million for the fourth quarter of 2014.
Read MoreFairmont Santrol Confident About Future
Fairmount Santrol announced fourth-quarter and full-year 2014 sales volumes. The company reports a strong fourth quarter driven by total sales volumes of approximately 2.5 million tons, an increase of 15 percent compared with the prior-year period. Overall, fourth-quarter raw sand volumes were 2.1 million tons, and value-added coated product volumes were 0.4 million tons, up 11 percent and 41 percent,…
Read MoreThis Week’s Market Buzz
The CEO of CSX, Michael Ward, stated during the company’s investor conference call, “Right now, as we look out through 2015 we don’t see any significant impact at all in our crude oil by rail into the eastern markets, and certainly in our frac sand markets where we’re moving into the Utica and the Marcellus area, where the natural gas…
Read MoreHousing Markets Continue to Make Modest Gains
Markets in 63 of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the fourth quarter of 2014, according to the National Association of Home Builders/First American Leading Markets Index (LMI). This represents a year-over-year net gain of 11 markets.
Read MoreNew NSSGA Membership Option Targets Small Producers
The National Stone, Sand and Gravel Association (NSSGA) announced a new level of membership for single-location operations with fewer than 10 non-office staff.
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