According to The Free Press, a judge has ordered the sale of Jordan Sands quarry properties in Mankato, Minn., for $8 million to help settle the company’s default on a $22 million loan.
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This Week’s Market Buzz
• The U.S. oil benchmark, WTI Crude, rose at press time to above $64 a barrel, soaring by more than 5%, after OPEC+ sources began telling reporters that the coalition may be close to agreeing not to increase their collective oil production in April. Brent Crude prices jumped above $67 per barrel, to $67.17, up by 5.10%, after OPEC+ sources…
Read MoreMinnesota Bank Reportedly Seeking Restitution from Jordan Sands
A St. Cloud, Minn., bank is reportedly suing Jordan Sands and the Coughlan family after it says they defaulted on a $22 million loan, according to the Mankata Free Press. Stearns Bank said they are still owed $18.5 million and that Jordan Sands is insolvent or in imminent danger of insolvency.
Read MoreJordan Sands Continues Science Program Partnership
Jordan Sands, an industrial sand mining and processing operation based in Mankato, Minn., and a Coughlan Companies affiliate, is continuing its partnership for the third consecutive school year with the Children’s Museum of Southern Minnesota and the Mankato Area Public Schools.
Read MoreJordan Sands Partners with the Children’s Museum
Jordan Sands, based in North Mankato, Minn., has partnered with the Children’s Museum of Southern Minnesota and the Mankato Area Public Schools to pilot a science program for second grade students. The “Matter and Motion in the Coughlan Quarry” program incorporates a field trip to the museum with activities to help integrate Science, Technology, Engineering and Math (STEM) curriculum.
Read MoreJordan Sands Opens Two Transload Locations
Jordan Sands has commenced sand transload activities in Monahans and Seagraves, Texas, located in the western part of the state. “We’re excited to be able to provide our customers with significant sand inventory in locations that best service their needs,” said James Hallbeck, Jordan Sands director of sales. In order to meet the increasing sand needs of customers, Jordan Sands…
Read MorePermitting – November 2014
New York Quarry Eyes Expansion According to the Post-Bulletin, a zoning change could lead to expanded sand and gravel quarry operations near a residential area in Cascade Township directly north of Rochester, N.Y., and some township residents aren’t happy about the rezoning. Milestone Minerals has 140 acres of land near 55th Street Northeast and U.S. Highway 63, and the company…
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