MSHA reported that on June 14, one firefighter died, and another was injured at Robar Enterprises Inc., Los Angeles, when a front-end loader tire exploded while firefighters fought an equipment fire. MSHA recommends the following best practices to avoid this type of accident. In the event of a possible or actual fire (e.g., odor, heat, smoke, flames):
Read MoreDay: August 22, 2024
Smart Sand Inc. Up 18% Year-Over-Year
Smart Sand Inc. announced results for the second quarter of 2024. Tons sold were approximately 1,274,000 in the second quarter of 2024, compared to approximately 1,336,000 tons in the first quarter of 2024 and 1,084,000 tons in the second quarter of 2023, a 5% decrease sequentially and 18% increase over the comparable period in 2023. Revenues were $73.8 million in…
Read MoreU.S. Silica, Apollo, Finalize Deal
U.S. Silica Holdings Inc. and Apollo announced that funds managed by affiliates of Apollo have completed the previously announced acquisition of the company. The company will continue to operate under the U.S. Silica name and brand and will continue to be led by Bryan Shinn and the existing executive team. Shinn, chief executive officer of U.S. Silica, said, “The closing…
Read MoreSelect Sands Issues Update
Select Sands Corp. issued an update regarding the company’s operations and future direction. “On July 16, 2024, our primary lender issued a demand letter serving as final notice of default to bring our account current by Aug. 1, 2024, to avoid foreclosure and the invocation of power of sale on collateralized assets and associated costs,” the company stated. “As of…
Read MoreConstruction Starts Jump 10% in July
Total construction starts moved 10% higher in July to a seasonally adjusted annual rate of $1.1 trillion, according to Dodge Construction Network. Nonresidential buildings and infrastructure starts performed strongly during the month, countering a decline in residential starts. During the month, nonresidential buildings rose 25% and infrastructure starts increased by 19%. Residential starts fell 8% during the month. On a…
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