Pit & Quarry, December 2013

INDUSTRY SNAPSHOT P Q AGGREGATES INDUSTRY INDEX JAN 11 FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN 12 FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN 13 December 249 FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC Source Pit Quarry 250 200 150 The Pit Quarry Aggregates Industry Index reaches a three year high this month MSHA issues third quarter fatality data Four miners died in metal nonmetal mining accidents in the third quarter this year according to an MSHA report Five coal miners also died in the third quarter Two of the four metal nonmetal miners died in powered haulage accidents One died in a machinery accident and another died in a falling material accident In metal nonmetal mining fatalities continue to occur that could be prevented by using lock out tag out best practices says Joe Main assistant secretary of labor for MSHA Two of the fatalities this quarter could have been avoided by disconnecting the power ensuring the miner on the job has locked the power source in the safe position and tagging to prevent the power from being re energized FIRST OF MONTH OPENING NOV OCT Cemex CX 1060 1123 CRH Oldcastle CRH 2435 2419 Eagle Materials EXP 7573 7217 Granite Construction GVA 3226 3066 Martin Marietta Materials MLM 9985 9840 Texas Industries TXI 5377 6624 U S Lime Minerals USLM 5550 5887 Vulcan Materials Co VMC 5370 5188 Source Yahoo Finance Nonresidential building growth takes a sudden unexpected dip The Dodge Momentum Index a monthly measure of the first report for nonresidential building projects in planning slipped 09 percent in October compared with the previous month according to McGraw Hill Construction Octobers decline brought the momentum index to 1153 down from Septembers 1164 According to McGraw Hill Construction this retreat may simply be a brief departure from the steady improvement nonresidential building projects in planning have shown since December 2012 At the same time McGraw Hill Construction indicates that this dip may be a sign of renewed caution on the part of developers The firm cites uncertainty about the political and economic environment stemming from the October government shutdown as well as debt ceiling deliberations as potential sources impacting nonresidential building Specifically commercial building plans dropped 21 percent while institutional building plans held steady On the commercial side a large decline in plans for new offices and stores outweighed gains for new hotel development according to McGraw Hill Construction Monthly Construction Contract Value Seasonally Adjusted Annual Rates in Millions Sept 2013 Aug 2013 Change Nonresidential Building 182759 147078 24 Residential Building 203247 215231 6 Nonbuilding Construction 169949 127728 33 Total Construction 555955 490037 13 Source McGraw Hill Construction Year to Date Construction Contract Value Unadjusted Totals in Millions 9 mo 2013 9 mo 2012 Change Nonresidential Building 119577 119058 0 Residential Building 154656 122376 26 Nonbuilding Construction 105076 131030 20 Total Construction 379309 372463 2 Source McGraw Hill Construction 8 PIT QUARRY December 2013 www pitandquarry com