U.S. Silica Purchases Mississippi Sand for Cash

U.S. Silica Holdings Inc (USS) of Frederick, MD has announced that it has acquired Mississippi Sand LLC of St Louis, MO for US$95.4 million in cash. The company will use cash on hand to fund the purchase. Mississippi Sand operates a mine and processing plant in Festus, MO that is capable of producing 1.2 million...

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Vulcan Materials Hit Hard by Prolonged and Extremely Wet Weather

Vulcan Materials Co of Birmingham, AL has reported that in the second quarter of 2017 its Aggregates segment revenues increased from US$791.5 million to US$817.5 million. Aggregate shipments decreased 2% to 48 million tons and the average realized unit price increased from US$12.61/ton to US$13.16/ton. Tom Hill, Vulcan’s CEO, said, “Aggregates shipments in the quarter...

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Ciner Reports Lower than Expected Q2 Production

Ciner Resources LP of Atlanta, GA has reported a second quarter net income of US$17.5 million on net sales of US$119.7 million compared with US$21.8 million on revenue of US$ 116.7 million in the same period of 2016. The company produced 643,000 tons of soda ash in the quarter and sold 651,000 tons compared with...

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Tronox Eyes Global Leadership in Titanium Dioxide

Tronox Ltd of Stamford, CT has announced a second quarter revenue of US$622 million compared with US$538 million in the prior year quarter. The company’s Titanium Dioxide segment reported a 26% increase in second quarter revenue to US$421 million and its Alkali segment a 2% decrease to US$201 million. The company reported an operating income...

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Compass Minerals Pressured by Higher Costs

Compass Minerals International Inc of Overland Park, KS has reported a second quarter net loss of US$6.4 million on sales of US$228.0 million, compared with net earnings of US$6.3 million on sales of US$169.5 million in the prior year period. The revenue increase was primarily driven by the acquisition of an interest in Produquimica Industria...

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