U.S. Silica Holdings Inc. announced its fourth quarter and full-year results for the period ended Dec. 31, 2023. The company is reporting full-year 2023 net income of $146.9 million, an 88% year-over-year increase. Full-year 2023 total company contribution margin of $549.7 million represented a 16% year-over-year increase. Net income for the fourth quarter ended Dec. 31, 2023, was $29.1 million, or $0.37…
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Source Reports Highest Annual Revenue on Rise in Sand Volumes
Source Energy Services Ltd. announced financial results for the three and 12 months ended Dec. 31, 2023. Highlights for the year ended Dec. 31, 2023 include the following: Total revenue for the year ended Dec. 31, 2023 was $569.7 million, Source’s highest annual revenue reported to date and an increase of $153.8 million compared to last year, as activity levels in…
Read MoreMSHA Reports Second Fatality of 2024
MSHA reported that on Jan. 29, a miner died when his haul truck traveled over the edge of a stockpile and overturned. This is the second fatality reported in 2024, and the second classified as “Powered Haulage.” MSHA recommends the following best practices to avoid this type of accident:
Read MoreBreedon Enters North American Aggregates Market
Breedon Group plc, a vertically-integrated construction materials group in Great Britain and Ireland, announced the acquisition of BMC Enterprises Inc. The price was $300 million. BMC is a supplier of ready-mixed concrete, aggregates and building products headquartered in St Louis, with a strong track record of both organic and transactional growth. Breedon said this is a “compelling opportunity to launch…
Read MoreDespite Community Concerns, Texas Aggregates Industry Drives Economic Growth
Williamson County, Texas, reportedly has the most quarries of any other county in the state. So it’s no surprise that community opposition to quarry operations there is higher than elsewhere. The Coalition for Responsible Aggregate Mining (CREAM) is spearheading that opposition.
Read MoreMSHA Launches Tool to Help Miners, Mining Communities
The U.S. Department of Labor announced that its Mine Safety and Health Administration (MSHA) has unveiled an online platform to help miners and their families navigate the process of finding healthcare providers, facilities and related resources.
Read MoreCRH Ventures Launches Roads Of The Future Accelerator Program For Start-Ups
CRH Ventures, the venture capital unit of CRH, launched its latest accelerator program – Roads of the Future. The program targets promising start-ups in the Construction Technology (ConTech) and ClimateTech space, focusing on groundbreaking innovation for advancing the future of roads. The Roads of the Future accelerator will identify companies that can demonstrate solutions to specific challenges within three distinctive…
Read MorePermitting Update: Arizona
On Wednesday, Feb. 28, Fain Signature Group released drone footage of the proposed remote sand and gravel site for public consumption. The video has been provided to allow the general public to view the remote site being zoned and the surrounding area.
Read MorePermitting Update: Virginia
The Rockingham County Board of Supervisors discussed whether or not to allow the Frazier Quarry to expand operations to its land on Buttermilk Creek Road, according to WHSV.
Read MoreMSHA Safety Alert: Operating Equipment Near Water
MSHA reported that from 2010 through 2023, there were 19 drowning accidents. Eleven of these fatal accidents occurred when mobile equipment, operating near water, became submerged. When working near water mine operators should: MSHA recommends the following best practices to avoid this type of accident:
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