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Report Blames Quarry for Sinkholes

A report from federal surveyors claims a Vulcan Materials quarry is the cause of chronic sinkholes near a Sevierville, Tenn., bridge, but others believe the report is incomplete, according to a report on WBIR news.

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Reforming Taxes and Funding Infrastructure

The U.S. House of Representatives passed the conference report of the Tax Cuts and Jobs Act by a vote of 227-203. The U.S. Senate will now begin debate and are expected to vote on passage.

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Mining Executives Testify on Importance of Domestic Minerals

In testimony before House and Senate natural resources committees, National Mining Association (NMA) General Counsel Katie Sweeney and Hecla Mining Co. Vice President of External Affairs Luke Russell reminded members of Congress that domestic metals and minerals are not only the front-end of the supply chain for countless industries but are also vital to the success of rebuilding American infrastructure.

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Natural Resource Partners Aggregates Business Up

Natural Resource Partners L.P. (NRP) reported third quarter 2017 net income of $26.1 million and net income attributable to the common unitholders and general partner of $18.4 million, which equated to $1.48 and $1.07 basic and diluted net income per common unit, respectively. NRP also generated Adjusted EBITDA of $58.1 million.

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Fairmont Santrol, Unimin Strike Merger Deal

Fairmount Santrol and Unimin Corp., a wholly owned subsidiary of SCR-Sibelco NV, announced that the boards of directors of both companies have approved a definitive agreement under which Fairmount and Unimin will combine in a tax-free, cash and stock transaction.

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