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This Week’s Market Buzz


• The Wisconsin Department of Natural Resources issued a permit allowing OmniTRAX Logistics Services to fill in more than four acres of wetlands in Jackson County, Wis., in order to install nearly 10 miles of track in a loop along the banks of Halls Creek, a Class II trout stream that feeds into the Black River. OmniTRAX said it will use the terminal to fill more than 80 rail cars per day with sand from a nearby mine. Sand will be processed near the mine and brought to the rail terminal by a nearly two-mile-long conveyor that will pass under two public roads. The company said it intends to ship about 3 million tons of sand each year to Montana and Texas.

• The board of directors of Select Sands Corp. appointed of Daniel A. Gillett chairman of the board. He brings more than 30 years’ experience serving as a director, investment banker, consultant and senior executive, including serving as chief executive officer and chief financial officer. Appointed to the board of directors of Select Sands in March, his business experience, leadership skills and commitment to work with both Select Sands’ board of directors and its senior management team, make Gillett the right choice to act as chairman of the board, the company said. Zig Vitols, president and CEO of Select Sands, stated, “His leadership skills and business acumen have already made a significant impression within the board of directors and senior management. He has the commitment and skill to lead the board and interact with senior management to guide the future of the company and increase shareholder value. We are delighted to have him appointed as chairman of the board and look forward to working more closely with him.”

• Fairmount released its 12th annual Corporate Responsibility (CR) Report, “Do Good. Do Well. Always.” The 2017 report was prepared in accordance with the Global Reporting Initiative (GRI) Standards: Core Option. To meet these guidelines, in 2014 and again in 2017, the company conducted an assessment and engaged internal and external stakeholders to identify and prioritize Fairmount Santrol’s most significant sustainability-related impacts, risks and opportunities. The theme of this year’s report, “Do Good. Do Well. Always.,” highlights the company’s commitment to Sustainable Development, as well as the many accomplishments achieved by Fairmount Santrol family members in 2017. This report also demonstrates the company’s ability to focus on long-term value creation, and commitment to remain as an employer and business partner of choice. The full 2017 CR report can be viewed online at cr.fairmountsantrol.com.