Pit & Quarry, February 2017
GREAT LAKES LIMESTONE SHIPMENTS DOWN IN 2016 Shipments of limestone on the Great Lakes totaled 263 million tons in 2016 a decrease of 93 percent compared to 2015 according to the Lake Carriers Association In addition 2016 loadings were 53 percent below the trades five year average Loadings from U S quarries totaled 214 million tons a decrease of nearly 13 percent compared to 2015 Shipments from U S quarries also trailed their five year average by 86 percent the association says Shipments from Canadian quarries totaled 5 million tons an increase of 105 percent over 2015 and 124 percent better than their five year average The Lake Carriers Association represents 13 American companies that operate 49 U S flag vessels on the Great Lakes and carry a number of raw materials including aggregate and cement for the construction industry P Q AGGREGATE INDUSTRY INDEX FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN 15 FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC JAN 16 February 364 FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN 17 400 350 300 250 Source Pit Quarry Above The P Q Aggregate Industry Index continues on its upward trajectory gaining four points Below Publicly traded aggregate industry stock prices retreated slightly 12 MONTH CHART PRICE 52 WEEK RANGE MARKET CAP IN BILLIONS STOCKS LOW HIGH As of Jan 9 2017 Source Yahoo Finance Cemex CX 790 35 935 1110 CRH Oldcastle CRH 3376 2333 3588 2893 Eagle Materials EXP 9980 4503 10316 481 Granite Construction GVA 5307 3569 6218 210 Heidelberg Cement HEI 8591 5817 9459 1701 LafargeHolcim LHN 4997 3033 5448 3012 Martin Marietta MLM 21957 10831 23641 1394 MDU Resources MDU 2842 1558 2992 555 Summit Materials SUM 2413 1312 25 306 U S Concrete USCR 5951 4042 6966 090 U S Lime Minerals USLM 7400 4841 7815 041 Vulcan Materials VMC 12328 7883 13818 1631 Vulcan receives approval for California quarry expansion V ulcan Materials Co received approval for its requested San Emidio Quarry expansion The Kern County California board of supervisors voted unanimously to allow the companys expansion Vulcan says The San Emidio Quarry is in Vulcans western division which includes 36 crushed stone sand and gravel facilities in addition to hot mix asphalt facilities The aggregate produced at San Emidio will supply the materials that are vital to infrastructure projects for many generations says Brock Lodge Vulcans western division president Athabasca Minerals purchases gravel pits 90 PIT QUARRY February 2017 pitandquarry com PHOTO BY MEGAN SMALLEY A thabasca Minerals purchased two gravel pits located in the Wood Buffalo region of Alberta Canada The company acquired KM248 and Cowpar gravel properties for 600000 Through an agreement with DeneCo Aggregates Athabasca has been the developer and operator of the KM248 and Cowpar gravel pits since 2014 Under the terms of the agreement Athabasca paid a royalty to DeneCo based on aggregate deliveries from the two pits Athabasca will no longer be subject to the royalty payments now that its purchased the two pits UPDATE
You must have JavaScript enabled to view digital editions.