Belize Reportedly Says No Mining

Sept. 13, 2022 – The Belize government will not allow Vulcan Materials to mine near a coastal village due to environmental concerns, following reports of land purchases by the company, according to an article on BNAmericas. Sustainable development minister Orlando Habet said officials from Prime Minister John Briceño’s government made a decision that no surface mining will be permitted near Gales Point Manatee…

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Aggregates Industry Market Report

In This Quarterly Report, Provided Exclusively to Rock Products, Capstone Partners Offers Insight Into Merger and Acquisition Activity, Capital Markets Trends, Aggregate Production and Pricing. By Darin Good, Brian Krehbiel and Crista Gilmore The Aggregates sector has continued to benefit from robust construction demand, despite persistent supply chain disruptions and rising inflation. The merger and acquisition (M&A) market has remained…

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Vulcan’s Hill Look Ahead

Aug. 4. 2022 – In its just-released second-quarter report Vulcan Materials’ Chairman and Chief Executive Officer Tom Hill looked into his crystal ball, noting, “We are updating our full-year Adjusted EBITDA guidance range to reflect the considerable pricing momentum in our aggregates business as well as higher than expected energy-related cost inflation that is currently impacting each of our segments. Additionally, our…

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Illinois Strike Ends With Agreement

International Union of Operating Engineers Local 150 members reached a tentative agreement with the Chicago Area Aggregate Producers Association. The agreement ends a strike that began June 7 at 35 Chicago-area facilities owned by Lehigh Hanson, Vulcan Materials Co. and Holcim.  The employers made what they described as a final offer on July 15, but union representatives said it was…

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Just …. No!

If I had any hair to tear out, this month I would be tearing my hair out while yelling, “Just … No!” First, the U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) has launched a new enforcement initiative to “better protect the nation’s miners from health hazards resulting from repeated overexposure to respirable crystalline silica.” MSHA said that…

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Striking Out in Illinois

June 20, 2022 – Strikes are bad for business. A strike among construction equipment operators that began last week against three companies that operate 35 quarries throughout Illinois is affecting roadwork in Westchester, Ill., according to the Village Free Press. Local 150 of the International Union of Operating Engineers went on strike on June 7. The union called the strike against…

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