CARBO Ceramics Inc. reported a GAAP net loss of $17.0 million, or a loss of $0.74 per share, on revenues of $73.3 million for the quarter ended June 30, 2015. This net loss includes $7.6 million, or $0.33 per share, of after-tax costs primarily associated with slowing and idling production.
Read MoreMonth: July 2015
Select Sands Appoints New COO
Select Sands Corp. appointed Zig Vitols as chief operations officer of the company. Vitols, a resident of Houston, has served as the president, Mid-South Division, of Martin Marietta Materials Inc. Vitols also worked as the Northeast Regional Manager for W. R. Grace & Co.
Read MoreBrilliant Sands Announces Second Quarter Results
Brilliant Sands Inc. announced results for its second quarter, ended June 30, 2015. In its second quarter, Brilliant Sands posted a net loss of approximately $971,552, with basic and diluted loss of $0.03 per share. Exploration costs in the quarter totaled $202,290, up from $30,068 in the first quarter of 2015 as the company finalizes the work needed to file…
Read MoreHi-Crush Notes Market Conditions in Report
Hi-Crush Partners announced that the board of directors of its general partner has declared a cash distribution of $0.475 per unit on all common and subordinated units, or $1.90 on an annualized basis.
Read MoreThis Week’s Market Buzz
According to the Houston County News, The Minnesota Court of Appeals on July 20 reversed a Minnesota Department of Natural Resources decision that a Houston silica sand mine may not operate until the owners obtain a trout stream setback permit. The court determined that the Erickson Sand Mine is not a “new project,” so the mine can legally operate, according…
Read MoreNSSGA Welcomes Senate Passage of DRIVE Act
The National Stone, Sand & Gravel Association (NSSGA) welcomed the Senate’s approval of the Developing a Reliable and Innovative Vision for the Economy (DRIVE) Act, the first six-year authorization of surface transportation funding to be produced in a decade. NSSGA hopes that Congress will use this surface transportation bill as a blueprint for a long-term investment in America’s aging infrastructure…
Read MoreSenate Passes Six-Year Transportation Authorization
By a bipartisan vote of 65-34, the U.S. Senate passed a six-year surface transportation authorization. Passage of the “Developing a Reliable and Innovative Vision for the Economy Act” or the DRIVE Act represents a major step toward completion of a robust highway bill this fall. Co-sponsored by Senators James Inhofe (R-Okla.), Barbara Boxer (D-Calif.), David Vitter (R-La.), and Tom Carper…
Read MoreUsing Water And Air To Run Your Loader
By Mark S. Kuhar Is it possible to make synthetic diesel fuel using only water and air? Researchers at Audi not only think so, they are doing just that. While the technology has only been tested on automobiles, can front-end loaders and haul trucks be far behind? The German automaker announced it has created the first batch of liquid “e-diesel”…
Read MoreCompany Fined $20,000 For Discrimination Case
By Ellen Smith Judge John Kent Lewis fined a mining company $20,000, and said it was highly negligent where a miner had been temporarily suspended, given a written warning and a negative evaluation, after complaining to management on three occasions about a possible electrical fan violation in a laboratory, which was then cited by MSHA.
Read MoreA Different Perspective
By Randy K. Logsdon A tool that MSHA is using in its continuing initiative to reverse the trend in fatal injuries experienced recently in the Metal/Non-Metal segment of the mining industry is a “2014 Fatal Comparison Chart” that constitutes a breakdown of how, when and to whom the fatal injuries occurred. This was produced from preliminary data accumulated during the…
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