Northern Frac Proppants LLC (NFP) of Houston, TX has announced plans to construct a second frac sand mine and processing plant in Jackson County, WI. NFP says that after it reached capacity at its first Wisconsin mine last year, continued strong demand has caused it to accelerate plans to bring online a second mine and processing plant.
Jeff Alston, NFP’s president, said, “This new Jackson County facility will enable NFP to better serve customers in all major North American shale plays and be a great complement to our existing 1,800-acre plant in the state. With the plant located on the Union Pacific rail line, NFP will be able to efficiently reach the Texas and Oklahoma markets. We believe that the Jackson facility is a perfect complement to our current operating mine and processing plant located on the Canadian National rail line in Alma Center, which is able to serve other major shale plays in the U.S., Canada and other international markets.”
Hi-Crush Partners LP of Houston, TX has reported revenues of US$51.5 million for the fourth quarter of 2013 on sales of 588,471 tons of frac sand and transload services versus US$16.2 million on sales of 248,158 tons of frac sand in the prior year quarter. Revenues for all of 2013 were US$141.7 million on 1,849,075 tons of frac sand sold and transload services compared with US$75.6 million on 1,165,818 tons of frac sand sold in 2012. The average realized sales price in the latest quarter was US$74/ton versus US$65/ton in the fourth quarter of 2012. Production costs were US$12.50/ton in the 2013 period and US$15.49/ton in the 2012 period.
Robert Rasmus, Hi-Crush’s Co-CEO, said, “Hi-Crush generated exceptional results for the fourth quarter and full year 2013. Our distribution network delivered strong results through the second half of the year as demand for Hi-Crush sand and related services accelerated. Our Wyeville plant operated above nameplate capacity and we continue to be the low-cost leader in the sector. We see demand continuing to grow in 2014 with increased usage of sand and are ready to capitalize on opportunities with our integrated services business model.”
Heemskirk Canada Ltd of Calgary, AB Has reported revenue of CDN$8.88 million from the sale of 27,314 tonnes of industrial minerals in the three months ended December 31, 2013 compared with CDN$5.20 million from the sale of 18,104 tonnes in same period of 2012. The company operates processing facilities in Lethbridge, AB (barite, gypsum, zeolite) and Moberly, BC (silica). The Moberly facility is slated for an expansion with the addition of a 300,000 tonnes/year frac sand processing plant and Heemskirk has signed an agreement to sell the Lethbridge plant to Marquis Alliance to help finance the Moberly project.
Victory Nickel Inc of Toronto, ON has announced that the first shipment of 900 tons of washed, concentrated sand from Wisconsin to the Seven Persons frac sand plant near Medicine Hat, AB has taken place. The sand will be dried and screened for sale at the facility.
Rainmaker Mining Corp of Vancouver, BC has entered into a letter of intent with the 50:50 partnership of Zimtu Capital Corp and 877384 Alberta Ltd to acquire four metallic and industrial minerals permits in northwestern Alberta. The permits include a property located adjacent to the Peace River frac sand quarry owned and operated by Canadian Silica Industries, part of the LaPrairie Group of Calgary, AB.
Rio Grande Mining Corp of Vancouver, BC has entered into an agreement with Zimtu Capital Corp and Cannon Bridge Capital Corp to purchase a 100% interest in the Zim Frac silica claim near Golden, BC. The property covers 808 hectares and previous operators have found samples grading up to 99.4% SiO2. The property is adjacent to Heemskirk Canada’s Moberly property that is poised to enter the frac sand business.
Volume 28 issue 3