This Week’s Market Buzz

A state appeals court has affirmed a decision blocking a frac sand mine in western Wisconsin, according to a report on Wisconsin Public Radio. The Mississippi Land Connection and Timber Company LLC and Wisconsin Bluff Sands LLC filed an application for a permit for a mine in the town of Waumandee in 2013. The Buffalo County Board of Adjustment denied…

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U.S. Silica to Acquire Regional Frac Sand Producer

U.S. Silica Holdings Inc. announced an agreement to acquire a leading regional sand producer for approximately $210 million. The acquisition of the NBR Sand unit of the privately owned New Birmingham Inc. is expected to close in August 2016, subject to certain adjustments at closing. The transaction will be funded using a combination of cash on hand (57 percent) and…

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NMA VP Testifies on Unwarranted Land Withdrawal

National Mining Association (NMA) Senior Vice President and General Counsel Katie Sweeney told a Senate panel that the Bureau of Land Management’s (BLM) withdrawal of more than 10 million acres of mineral-rich federal land from mining activity under the guise of sage grouse conservation “will cause serious hardship to the nation’s economic and mineral security,” while doing nothing to combat…

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Housing Starts Climb Higher in June

Nationwide housing starts rose 4.8 percent in June to a seasonally adjusted annual rate of 1.19 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Overall permit issuance increased 1.5 percent to a seasonally adjusted annual rate of 1.15 million.

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Atlas Copco Construction Names New President

Atlas Copco Construction appointed Scott Carnell as president of its U.S. division. Carnell replaces Erik Sparby who has accepted the role of general manager, Customer Center CR Greater China. Carnell will lead the company in growing each of its product lines, including construction tools, portable energy and road construction equipment, within the contractor, dealer and rental industries across North America. “Atlas…

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ContiTech Expands Applied Industrial Technologies Partnership

ContiTech announced that Applied Mexico and subsidiary RODENSA Mexico completed a product changeover to ContiTech as a primary supplier in Mexico for industrial hoses, hydraulics, power transmission belts, and certain other products. Most of the ContiTech products will be manufactured locally in the company’s Chihuahua plant and will be distributed to Applied Mexico and RODENSA from ContiTech’s San Luis Potosi warehouse. “This is a significant…

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