This Week’s Market Buzz

  • The Michigan Department of Natural Resources and the Sargent Sand Co. are once again talking about a deal to acquire a piece of private property located in Ludington State Park a decade after the last talks broke down. The state would like to purchase the company’s Ludington, Mich., sand mine when the company’s five-year operating permit expires at the end of this year, according to Michigan Live. The purchase would create the “queen” of state parks, the state has said.
  • According to the Midland Reporter-Telegram, the Permian Frac Sand mine in McCulloch County, Texas, which opened last year, is now seeing about 1,200 trucks a month come through the facility moving 30,000 tons of sand. The owners said they are working with the Texas Department of Transportation on highway upgrades to improve the flow of the truck traffic and increase safety.
  • OmniTRAX Sand Holdings LLC, is entering into a joint venture with Arrows Up LLC, a provider of bulk storage and transportation solutions based in Elk Grove Village, Ill. OmniTRAX said it is particularly interested in commercializing the Arrows Up Jumbo Bin, which holds up to 25 tons of frac sand or ceramic material, replaces significant storage and transportation infrastructure, creates trucking and rail efficiencies across the supply chain, and eliminates the need for dust suppression equipment.

Related posts