Athabasca Minerals Inc. closed the strategic acquisition of an operational U.S. sand mine and facilities in Wisconsin. The assets include real estate of 1,100 acres, a fully functional and staffed mine and processing plant capable of 2 million tpy of sand, fixed storage, rail transload with unit-train capability (i.e. loading/unloading 100 railcar shipments), mobile equipment and active supply chain contracts.
Read MoreDay: March 4, 2022
U.S. Silica Touts Market Momentum
U.S. Silica Holdings Inc. announced a net loss of $19.0 million, or $0.25 per basic and diluted share, for the fourth quarter ended Dec. 31, 2021. The fourth quarter results were negatively impacted by $3.5 million pre-tax, or $0.03 per diluted share after-tax, of charges primarily related to merger and acquisition related expense and other adjustments, resulting in an adjusted…
Read MoreMan Indicted for Frac Sand Ponzi Scheme
According to the U.S. Attorney’s Office, Western District of Texas a federal grand jury in Midland, Texas, returned an indictment charging a Keller, Texas, man with operating a Ponzi scheme.
Read MoreDon’t Expect Resurgence of Wisconsin Frac Sand Industry
Rich Kremer, writing for Wisconsin Public Radio, said in an article that despite oil prices reaching highs not seen since 2011, analysts say they don’t expect shuttered frac sand mines in Wisconsin to spring back to life anytime soon.
Read MoreThis Week’s Market Buzz
• Following reports that Russian forces further invaded Ukraine, Intermediate (WTI) crude oil have increased to more than $100 per barrel (b). The front-month Brent contract price closed just below $115/b at press time. The Brent crude oil price last rose above $100/b in late 2014. The front-month WTI contract price closed above $110/b at press time, after previously settling…
Read MoreCourt Orders Missouri Mine Owner to Let Inspectors Onsite
A federal district court judge issued an injunction to prevent a Missouri mine operator and its owner from stopping federal inspectors from completing workplace safety inspections now and in the future at the Partridge Sand & Gravel mine in Stone, Mo. The court action follows an incident at the mine on Aug. 17, 2021, when inspectors with the U.S. Department…
Read MoreEriez, Dominion Carolina Sales Commemorate 75-Year Partnership
The partnership between Eriez and Dominion Carolina Sales, which was forged by a handshake agreement amongst the companies’ principals in 1947, is stronger than ever 75 years later. Dominion Carolina serves as Eriez’ representative agency in North Carolina and most of Virginia.
Read MoreA Quarry Turned City Park
By Tom Carroll What if you could see some of North Carolina’s diverse geology by taking less than one hour and making only one stop at an urban city park rather than having to drive more than 700 hundred miles to do so? Sounds impossible doesn’t it? Well, it isn’t. You can do that and more with a visit to…
Read MoreMartin Engineering Improves Martin V-Plow HD
Martin Engineering has redesigned one of its most popular tail protection devices to be a lighter weight, modular unit delivered in a compact package for improved safety and convenience. The re-engineered Martin V-Plow HD achieves the gains with no compromise in performance.
Read MoreIs The New Home Market Cooling?
I wrote recently about how the housing market continues to show strength, driven in part by buoyant builder sentiment, low inventories and high demand across all price points. That was back in the fall, and while all signs point to strong new home demand through this spring and summer, a new confluence of pressures could force a tamping down of…
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