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U.S. Silica Holdings Announces Cost Reductions

U.S. Silica Holdings Inc. announced annualized SG&A cost reductions of approximately $20 million in response to the recent drop in oil prices and the expected decline in drilling and completion activity in North American shale over the coming quarters.

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North American Rail Traffic Tumbles

North American rail traffic tumbled 11.4% last week as the coronavirus pandemic and a collapse in oil prices take their toll on volume, data from the Association of American Railroads (AAR) showed.

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Badger Mining Donates Personal Protective Equipment

Badger Mining Corp. (BMC) donated a variety of personal protective equipment (PPE) from its Wisconsin facilities to the company’s neighbors at the Mayo Clinic and Blair Fire Department.

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Covia Reports Reduced Volumes for Fourth Quarter; 2019

Covia reported results for the fourth quarter and full year ended Dec. 31, 2019. As a result of the merger that closed on June 1, 2018, Covia’s 2018 reported results under U.S. generally accepted accounting principles (GAAP) include the consolidated financial results of both Unimin Corp and Fairmount Santrol Holdings Inc. for the seven months ended Dec. 31, 2018, as well as the stand-alone results for Unimin for the five months ended May 31, 2018, including the high-purity quartz (HPQ) business reported as discontinued operations.

Read more: Covia Reports Reduced Volumes for Fourth Quarter; 2019