Athabasca Minerals Inc. purchased two gravel operations located in the Wood Buffalo region of Alberta, Canada. The gravel pits include KM248 and Cowpar gravel properties and were acquired for a purchase price of CA$600,000.
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This Week’s Market Buzz
• The Organization of the Petroleum Exporting Countries (OPEC) reached a deal to cut back on oil production by 1.2 million barrels per day to raise global prices. OPEC nations currently produce about 33.7 million barrels of oil per day. Under the deal, they’ll bring that down to 32.5 million barrels per day, with Saudi Arabia, Iraq, UAE and Kuwait making…
Read MoreAthabasca Minerals Announces Financial Results
Athabasca Minerals Inc. announced its financial results for the fourth quarter and 12 months ended Dec. 31, 2015.
Read MoreAthabasca Appoints Greenwood
Athabasca Minerals Inc. appointed Chris Greenwood to the position of vice president, operations. Greenwood will be responsible for the continuing development of the aggregate business in the Wood Buffalo region, expanding the corporation’s market share throughout Western Canada, and complimenting the increased focus on potential infrastructure related projects for Athabasca industrial minerals. President and CEO Scott MacDougall states, “We are extremely pleased…
Read MoreWestmoreland Coal Partners with Athabasca
Westmoreland Coal Co. through its Coal Valley Resources Inc. subsidiary, has entered into an agreement with Athabasca Minerals Inc. that will result in the production of aggregate from Westmoreland’s Obed Mountain Mine site.
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Six-year-low crude oil prices may have decimated new drilling activity, but market indicators show there is a more intense use of frac sand in the new wells that remain in the Eagle Ford and other shale plays. A June 11 report from global investment bank Jefferies shows that overall demand for frac sand is down in 2015 due to low…
Read MoreWestmoreland, Athabasca, Conclude Agreement
Westmoreland Coal Co., through its Coal Valley Resources Inc. subsidiary, has entered into an agreement with Athabasca Minerals Inc. that will result in the production of aggregate from Westmoreland’s Obed Mountain Mine site.
Read MoreAthabasca Minerals Touts Aggregates Plant Growth
Edmonton, Alberta, Canada-based Athabasca Minerals Inc. announced its financial results for the fourth quarter and 13 months ended Dec. 31, 2014. The company announced that revenue, net of royalties at its Susan Lake aggregates plant was $26.33 million for 2014 as compared to $25.36 million in 2013.
Read MoreAggregates Revenues Driving Athabasca Minerals
Alberta, Canada-based producer Athabasca Minerals Inc. announced its financial results for the three and nine months ended Aug. 31, 2014, which includes record revenue and the second highest quarterly net income ever.
Read MoreAthabasca Minerals Banks on Firebag Frac Sand Project
Athabasca Minerals Inc. is reporting record revenue and its second highest-ever quarterly net income, mostly from the company’s aggregates operations. The company also reported that it has received approval for the right to work and remove sand from Phase One of the Firebag Frac Sand Project from Alberta Environment and Sustainable Resource Development.
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