According to a story on oilprice.com, a global oil shortage and high fuel prices has triggered calls from President Joe Biden’s administration for U.S. shale producers to spend more of their profits to boost output. However, shale producers have been under pressure to focus more on returning excess cash to shareholders in the form of dividends and buybacks rather than…
Read MoreDay: November 25, 2022
Athabasca Concludes Transload Agreement; Reports on Third Quarter
Athabasca Minerals Inc. announced that its subsidiary AMI Silica LLC has entered into a multi-year Transload Agreement with CRL Transload Services Ltd. for sand transloading and storage services at its Taylor, British Columbia, Canada, location.
Read MoreNexgen Silica Fighting for Missouri Permit
On Nov. 15, the Missouri Administrative Hearing Commission (AHC) issued its Recommended Decision in the appeal of the mining permit issued to Nexgen Silica LLC, according to a story in Sun Time News.
Read MoreSelect Sands Increases Year-Over-Year Nine-Month Tons Sold
Select Sands Corp. announced operational and financial results for the third quarter of 2022, noting that it sold 83,222 tons of frac and industrial sand during the third quarter of 2022 compared to 83,207 tons in the second quarter 2022 and 89,096 tons in the third quarter of 2021.
Read MoreThis Week’s Market Buzz
• At press time, Brent crude futures were down 29 cents, or 0.3%, to $85.12 a barrel, while U.S. WTI crude futures rose 2 cents, to $77.96.
Read MoreOrica’s FRAGtrack Gantry Expands Fragmentation Monitoring
Combining the success of the existing suite of automated post-blast fragmentation monitoring solutions and the feedback from customers experiencing loss of production due to crusher blockage, Orica has developed FRAGTrack Gantry. This pioneering technology uses advanced machine vision and machine learning technologies to enable autonomous triggering and processing, without interfering with the haulage operation.
Read MoreAggregates Production Up 3% in Third Quarter
An estimated 719 million metric tons (Mt) of total construction aggregates was sold or used in the United States in the third quarter of 2022, an increase of 3% compared with that in the third quarter of 2021, according to Jason Christopher Willett, commodity specialist, National Minerals Information Center, U.S. Geological Survey.
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