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This Week’s Market Buzz

  • According to the LaCrosse Tribune, the Minnesota appeals court panel heard arguments from a sand mine owner protesting a Department of Natural Resources ruling that the mine cannot operate without a special permit because of its proximity to a trout stream. Asking that the state’s ruling be reversed, an attorney for mine owners Tracie and Michelle Erickson of Rushford, Minn., argued that the mine, in existence since 1992, should be exempt from the trout stream setback law passed by the Legislature two years ago. A lawyer for the state countered that the mine’s permit lapsed in early 2013, triggering the requirement that it meet new setback standards. The appeals court has 90 days to issue a ruling.
  • Badger Mining Corp. announced that they have purchased the production facility of Northern Frac Proppants II, LLC. Terms of the transaction were not disclosed. Marty Lehman, BMC associate, stated this is a strategic purchase that strengthens BMC’s position as an industry leader for the long term. “Our associates and their passion for success define who we are as a family-owned business. The culture of environmental responsibility, team, quality, safety and integrity underscores how we do business. That will continue as we move forward, and we are excited about the opportunities presented by this acquisition,” Lehman said. BMC currently employs approximately 360 associates at seven facilities in Wisconsin.
  • Emerge Energy Services announced the appointment of Jody Tusa as the chief financial officer, effective on May 4, 2015. Tusa brings more than 35 years of finance experience to his new role, having recently served as CFO of USA Compression Partners, LP. Tusa replaces Robert Lane, who resigned for personal reasons. Lane will remain with Emerge Energy until May 31, 2015, to ensure a smooth transition as Tusa takes over his new duties.