Canadian Legislation Focuses on Aggregates Advances

According to the Ontario Stone, Sand and Gravel Association (OSSGA), Minister Kathleen McGarry stood in the House to introduce the long-awaited Aggregate Resources and Mining Modernization Act, a bill the government is putting forward to amend and modernize both the Aggregate Resources Act (ARA) and Mining Act.

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MSHA’s Merrifield to Retire

Neal Merrifield, Mine Safety and Health Administration (MSHA) metal/nonmetal administrator, will retire from the administration Oct. 29, 2016, according to Joseph A. Main, assistant secretary of labor, MSHA. Main made the announcement during an MSHA stakeholder meeting on Oct. 4 and said that Merrifield will be succeeded on an interim basis by Kevin Stricklin, MSHA’s coal administrator. He said that…

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Dodge Momentum Index Stumbles in September

The Dodge Momentum Index fell 4.3 percent in September to 129.0 from its revised August reading of 134.8 (2000=100). The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.

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Summit Materials Hires Ryan

Summit Materials Inc. announced that it has appointed Noel R. Ryan III as its new vice president, investor relations. Ryan has more than 15 years’ experience in the investor relations and capital markets industries, most recently serving as vice president and head of investor relations and external communications for Calumet Specialty Products Partners L.P., a publicly traded producer of specialty…

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This Week’s Market Buzz

According to BayStreet.ca Media Corp, shale boomers’ efforts to stay afloat amid the worst of the price crisis were centered on cost-cutting and efficiency improvements. A lot of companies managed to significantly improve their yields of oil and gas per well simply because they started using more and more sand. All the major U.S. shale drillers are ramping up their…

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Select Sands Agrees to Deal with Ozark Premium Sand

Select Sands Corp. announced that it has entered into a binding agreement with Tutle Holding, LLC and Steve Hackmann, Ozark Premium Sand LLC (OPS) pursuant to which Select Sands’ wholly owned subsidiary, American Select Corp., will purchase certain OPS equipment and shall have the option to purchase OPS’ dry processing plant, operating equipment, saleable inventory and customer lists amongst other…

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EOG Plans Big Drilling Increase

  EOG Resources will revise its hydraulic fracturing plans upward by 30 percent in 2016, despite the price of oil falling below the $40 per barrel mark. As reported by Oil and Gas Investor (OGI), the revised numbers from the Houston-based company indicate how strong shale companies, particularly those with heavy oil-reserve land, are surviving. Other firms have faltered en…

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