Pit & Quarry, February 2010

P Q AGGREGATES INDUSTRY INDEX February 202 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb 2008 2009 2010 300 250 200 150 Monthly Construction Contract Value Seasonally Adjusted Annual Rates in Millions Nov 2009 Oct 2009 Change Nonresidential Building 146074 177744 18 Residential Building 127612 127224 0 Nonbuilding Construction 131280 141836 7 Total Construction 404966 446804 9 Industry briefs Safety streak Knife River Corp employees marked the 11th consecutive year with reductions in injury and illness rates reaching overall recordable incidence rate and losttime accident rates far below the national average the company announced In the past 11 years Knife River has reduced its injury and illness rates by more than 75 percent Safety awards Fisher Sand Gravel Co based in Dickinson N D with operations throughout the western United States was recognized by MSHA Rocky Mountain District with three awards for outstanding safety achievements in 2008 The awards are for man hours worked without any lost time accidents as well as for being citation free during two mandatory inspections The company also was honored with 13 Safe Mine Achievement Awards for 2008 also awarded by MSHA Rocky Mountain District Environmental achievement The Virginia Department of Environmental Quality recognized Luck Stones Powhatan and Spotsylvania quarries for gaining E3 status one of three levels of achievement in ceremonies at their respective Virginia locations Finance team Doran N Schwartz was named vice president and CFO for MDU Resources Group Inc Nicole A Kivisto was named vice president controller and chief Construction starts Nonresidential building retreated after Octobers elevated activity and nonbuilding construction also settled back Meanwhile residential building in November held steady with its October pace Source Pit Quarry Year to Date Construction Contract Value Unadjusted Totals in Millions 11 mo 2009 11 mo 2008 Change Nonresidential Building 152132 229323 34 Residential Building 102418 154563 34 Nonbuilding Construction 126469 143684 12 Total Construction 381019 527570 28 accounting officer for the company and Douglass A Mahowald was named treasurer and assistant secretary the company announced All positions are effective Feb 17 Forecast FMI management consultants and investment bankers for the construction industry released its Construction Outlook Fourth Quarter 2009 Report Total construction declined 13 percent in 2009 and is forecast to slide 4 percent more in 2010 While 2009 was likely the bottom in terms of percent decline 2010 will be the bottom for dollar volume the report noted Relief effort Cemex responded to the humanitarian emergency in Haiti by collaborating in relief efforts with the governments of Mexico and other countries international institutions and social organizations the company announced FIRST OF MONTH OPENING JANUARY DECEMBER Cemex SA 1225 1148 Eagle Materials 2624 2731 MDU Resources 2391 2270 Martin Marietta Materials 9006 8600 Texas Industries 3575 3527 Vulcan Materials 5341 4858 6 PIT QUARRY February 2010 www pitandquarry com