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Railroads Feel Pinch from Oil Prices

North American railroad companies have faced accelerating slowdowns, with volumes falling faster than executives had predicted, according to report on Bloomburg Business. With energy companies scaling back drilling after prices for the commodity fell about 50 percent since July, industry executives and analysts anticipated that demand for hauling crude and extraction materials such as frac sand and pipes would slow after a four-year surge.

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Sibelco, Unimin Join Forces for Venture

Sibelco announced the formation of Unimin Energy Solutions, a global commercial division, designed to serve the worldwide energy services industry. The new organization will unify Sibelco's Energy mineral portfolio and global footprint under a single, energy solutions umbrella.

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Victory Nickel Deposit Exceeds API Specs

Victory Nickel Inc. announced very positive analytical results from sand samples obtained from drill holes on the Bear Coulee frac sand property located in Trempeleau County, Wis. Testing shows that the 10.9-million-ton NI 43-101 Northern White frac sand resource exceeds American Petroleum Institute (API) specs and that, on average, an exceptional 43 percent of the resource will report to the 20/40 size fraction. Northern White sand is highly valued as a proppant in the oil and gas markets.

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Fairmont Santrol Reports Strong Quarter, Year

Fairmount Santrol announced results for the fourth quarter and full year ended Dec. 31, 2014. For the fourth quarter, net income was $37.9 million, or $0.23 per diluted share, compared with net income of $10.7 million, or $0.06 per diluted share, for the same period a year ago. Adjusted earnings per diluted share were $0.24, an increase of 118 percent over adjusted earnings per diluted share of $0.11 for the fourth quarter of 2013.

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News Fracking Laws Challenged by Industry

Following a process that included more than 1.5 million public comments, Secretary of the Interior Sally Jewell released final standards that she said will support “safe and responsible hydraulic fracturing on public and American Indian lands.”

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