March 9, 2020 – At the joint NSSGA, NRMCA, PCA Opening Session in Las Vegas, 1980 Olympic Gold Medal-winning hockey team captain Mike Eruzione spoke about team building, respect and success. With good humor and great sincerity he talked about the 1980 Olympic team’s journey and offered parallels to business, giving his audience a number of great takeaways. “If you understand…
Read MoreYear: 2020
NSSGA M&S Committee Meets
March 8, 2020 – As the National Stone, Sand and Gravel Association (NSSGA) kicked off its annual convention, President and CEO Michael Johnson addressed the association’s Manufacturers & Services committee. Johnson updated the group on the impact of the coronavirus scare with regard to convention attendance and offered an impromptu take on the current political situation, with a special emphasis on how NSSGA, though RockPac, allocates…
Read MoreMinnesota Bank Reportedly Seeking Restitution from Jordan Sands
A St. Cloud, Minn., bank is reportedly suing Jordan Sands and the Coughlan family after it says they defaulted on a $22 million loan, according to the Mankata Free Press. Stearns Bank said they are still owed $18.5 million and that Jordan Sands is insolvent or in imminent danger of insolvency.
Read MoreU.S. Silica Reports Fourth Quarter Loss
U.S. Silica Holdings Inc. reported a net loss of $292.9 million, or $3.99 per basic and diluted share, for the fourth quarter ended Dec. 31, 2019, compared with a net loss of $256.1 million, or $3.44 per basic and diluted share, for the fourth quarter of 2018.
Read MoreTorchlight Details Oil and Gas Potential from WolfPenn Well
Torchlight Energy Resources Inc. has measured substantial initial potential oil and gas hydrocarbon recoveries from the recently drilled and completed Cactus A35 #1H well.
Read MoreVictory Silica to Mine Canadian Land Resource
Victory Nickel Inc.’s subsidiary Victory Silica Ltd. has executed an agreement with Short Grass Ranches Ltd. giving the company the ability to mine frac sand from one of the owner’s properties. The initial term of the option is for five years with the ability to extend for additional five-year terms.
Read MoreThis Week’s Market Buzz
• Oil prices were higher at press time, shortly after two sources told Reuters that OPEC provisionally agreed to cut production by 1.5 million barrels per day. International benchmark Brent crude traded at $51.52, up around 0.8%, while U.S. West Texas Intermediate stood at $47.10, around 0.7% higher.
Read MoreUSGS: Aggregates Production Up 5% in 2019
The estimated annual output of construction aggregates produced for consumption in 2019 was 2.47 billion metric tons (Gt), an increase of 5% compared with that of 2018, according to Jason Willett, commodity specialist for the U.S. Geological Survey (USGS).
Read MoreHyundai to Develop Hydrogen-Fueled Excavators, Forklifts
Hyundai Construction Equipment Americas announced that its parent company, Hyundai Construction Equipment, recently entered into an agreement with Hyundai Motors and Hyundai Mobis to develop hydrogen-fueled excavators and forklifts, with development starting this year and plans to roll out the technology as soon as 2023. The three companies will collaborate on the technology at Hyundai’s Mabuk Research Center in Yongin-si,…
Read MoreNSSGA Statement on Annual Convention
March 3, 2020 – The National Stone, Sand and Gravel Association (NSSGA), like the organizers of ConExpo-Con/Agg 2020, are remaining vigilant with regard to the reality of the coronavirus, and have released the following statement concerning the association’s upcoming annual convention: “NSSGA’s 2020 Annual Convention will take place in Las Vegas. We continue to coordinate with our partners and other organizations on the…
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