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NMA VP Testifies on Unwarranted Land Withdrawal

National Mining Association (NMA) Senior Vice President and General Counsel Katie Sweeney told a Senate panel that the Bureau of Land Management’s (BLM) withdrawal of more than 10 million acres of mineral-rich federal land from mining activity under the guise of sage grouse conservation “will cause serious hardship to the nation’s economic and mineral security,” while doing nothing to combat proven threats to the sage grouse.

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Housing Starts Climb Higher in June

Nationwide housing starts rose 4.8 percent in June to a seasonally adjusted annual rate of 1.19 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Overall permit issuance increased 1.5 percent to a seasonally adjusted annual rate of 1.15 million.

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Komatsu to Merge with Joy Global

Joy Global announced on July 21 that its board of directors unanimously approved a definitive merger agreement whereby Komatsu America Corp. will acquire Joy Global in a transaction valued at about $3.7 billion. Under the terms of the agreement, Joy Global stockholders will receive $28.30 per share in cash for each outstanding share of common stock held, representing a 48 percent premium to Joy Global’s shareholders.

Read more: Komatsu to Merge with Joy Global