U.S. Silica to Construct New Frac Sand Operation

U.S. Silica Holdings Inc of Frederick, MD has announced its board’s approval of the construction of a new, state-of-the-art frac sand mine and plant in West Texas to serve the Permian Basin. The new facility is expected to produce approximately 4 million tons/year and is part of the company’s plan to add approximately 8-10 million...

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GE Gets Green Light for Baker Hughes Purchase

The General Electric Co of Fairfield, CT and Baker Hughes Inc of Houston, TX have reached an agreement with the U.S. Department of Justice that allows the parties to complete their proposed combination. Pursuant to a proposed consent decree filed last week in District Court in Washington, DC, GE has agreed to divest its GE...

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Oil-Dri Sales Sluggish, Income Continues to Rise

Oil-Dri Corporation of America of Chicago, IL has announced a net income of US$3.2 million on net sales of US$64.7 million for its third quarter ended April 30, 2017 compared with a net loss of US$892,000 on net sales of with US$64.2 million in the same period of 2016. For the first nine months of...

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Pele Inks LOI to Market DXP Technology in U.S.

Pele Mountain Resources Inc of Toronto, ON has signed a non-binding letter of intent (LOI) with Enirgi Group Corp of Toronto, ON. Terms of the LOI include that Enirgi will be issued 85% ownership of Pele on a fully diluted basis. In consideration, Pele and Enirgi will enter into: (i) a Management Services Agreement under...

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Medallion and RES Team Up for Rare Earths Market

Medallion Resources Ltd of Vancouver, BC and Rare Earth Salts Separations and Refining LLC (RES) have executed a commercial agreement to produce, market and share revenues from the sale of finished rare-earth products. The agreement contemplates Medallion producing and supplying its rare earth concentrate to Rare Earth Salts for separation and refining into marketable rare...

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