The Mine Safety and Health Administration (MSHA) reported that on June 19, a miner died while inspecting a stockpile for oversized material. As the victim walked along the toe of the stockpile, a portion of the stockpile collapsed, covering him with approximately 4 ft. of material.
Read MoreMonth: July 2020
California Congestion, Road Conditions in Need of Investment
According to a report released by TRIP – Restoring the Interstate Highway System: Meeting America’s Transportation Needs with a Reliable, Safe & Well-Maintained National Highway Network – in California, 86% of urban Interstate highways are considered congested during peak hours, the greatest share in the country. Vehicle travel on California’s Interstates increased 17% from 2000 to 2018. Eight percent of…
Read MoreTRIP Interstate Highway System Report Details Deficiencies
As the U.S. Interstate Highway System reaches 64 years old, it faces increasing congestion, unprecedented levels of travel – particularly by large trucks – and insufficient funding to make needed repairs and improvements.
Read MoreMcLanahan and Anaconda Offer J12 Jaw, I12 Impact Crushers
One of the primary reasons McLanahan Corp. and Anaconda Equipment joined forces in 2019 was for both companies to be able to expand their product offering and global reach. In 2020, they announced the addition of their unique track-mounted J12 Jaw Crusher and I12 Impact Crushers, which feature McLanahan’s Universal crushers. The J12 Tracked Jaw Crusher is fitted with a…
Read MoreFrac Sand Blues
July 10, 2020 – It’s not a good time to be a frac sand producer. With oil prices still hovering around $40 per barrel, and no COVID-19 end in sight, frac sand producers are falling like dominoes. Recent developments include bankruptcies from major producers Covia, Hi-Crush and Vista Proppants and Logistics. While these companies are not going away – they are restructuring debt and trying to find…
Read MoreAlberta Legislation Would Redefine Minerals and Pits
The Alberta, Canada, government has proposed legislation that would redefine “minerals” and “pits,” allowing about 500 sand projects to proceed without having to submit environmental impact assessments, according to the Edmonton Journal.
Read MoreHi-Crush Files Chapter 11
Hi-Crush has filed for Chapter 11 bankruptcy protection. The company reported a net loss for the first quarter of 2020 of $146.9 million, including $145.7 million of non-cash asset impairments associated with the write-down of certain production and terminal facilities. This resulted in basic and diluted loss of $1.46 per share, compared to net loss of $21.4 million and basic…
Read MoreSource Reports First-Quarter Results
Source Energy Services Ltd. reported that for the three months ended March 31, the impacts of COVID-19 on the industry lead to the company recognizing a net loss of $185.3 million or $(3.08) per share, including non-cash pre-tax charges for impairment and deferred tax asset write-down of $180.0 million.
Read MoreThis Week’s Market Buzz
• At press time, West Texas Intermediate for August delivery rose 28 cents to settle at $40.90 a barrel. Brent for September settlement rose 21 cents to $43.29 a barrel.
Read MoreCovia Files Chapter 11; Plans Restructuring
Covia has filed for bankruptcy, seeking to cut more than $1 billion in debt as a result of the economic disruption sparked by the COVID-19 pandemic and low oil prices.
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