Pit & Quarry, November 2015

INDUSTRY SNAPSHOT FIRST OF MONTH OPENING OCT SEPT Cemex CX 701 752 CRH Oldcastle CRH 2614 2848 Eagle Materials EXP 6850 7981 Granite Const GVA 2972 3391 Martin Marietta MLM 15323 16375 Summit Materials SUM 1881 2290 U S Concrete USCR 4776 5050 U S Lime Minerals USLM 4556 4852 Vulcan Materials VMC 8957 9120 Source Yahoo Finance P Q AGGREGATES INDUSTRY INDEX DEC 12 JAN 13 FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC JAN 14 FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN 15 November 299 FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV 350 300 250 200 150 Source Pit Quarry The P Q Aggregates Industry Index takes a significant dip this month dropping nine points after steadily growing since the first quarter of 2015 MSHA awards safety training grants to states The Mine Safety and Health Administration MSHA awarded about 84 million in grant funding to 47 states and the Navajo Nation to reduce mining accidents injuries and illnesses by supporting safety and health training courses and programs Recipients of the grant will use the funds to provide miners with federally mandated training The grants will cover training and retraining miners working at surface and underground coal metal and nonmetal mines as well as miners at surface stone sand and gravel mining operations Training of our nations miners is critical to miners safety and health and thousands these state grants says Joe Main assistant secretary of labor for MSHA According to MSHA grants were awarded in 2015 based on applications from states and they are administered by state mine inspectors offices state departments of labor and state supported colleges and universities Proppant demand to grow steadily through decades end Demand for proppants in North America is forecast to increase 76 percent annually through 2019 to 162 billion lbs according to a Freedonia Group Inc study The Freedonia Group values the demand at 82 billion The market research firm says demand for proppants will decelerate from the extremely rapid growth posted between 2004 and 2014 Future gains will result primarily from increases in proppant loadings in unconventional trends are presented in Proppants in North America the Freedonia Groups study In addition to growth in unconventional drilling and completion activity dramatic increases in the volume of proppants used per well have also supported rising proppant demand and a changing product mix Monthly Construction Contract Value Seasonally Adjusted Annual Rates in Millions of miners receive training through well completions These and other Aug 2015 July 2015 Change Nonresidential Building 160704 192180 16 Residential Building 265485 288595 8 Nonbuilding Construction 128281 145700 12 Total Construction 554470 626475 11 Source Dodge Data Analytics Above Stocks dipped across the Stock Watch board in October as every company but Vulcan slipped at least 6 percent Summit Materials had the largest setback at 178 percent Below Nonbuilding construction took a step back in August but is still up 43 percent for the year Only nonresidential building is tracking below 2014 levels Year to Date Construction Contract Value Unadjusted Totals in Millions 8 mo 2015 8 mo 2014 Change Nonresidential Building 136356 143837 5 Residential Building 179201 151904 18 Nonbuilding Construction 130536 90974 43 Total Construction 446093 386715 15 Source Dodge Data Analytics 8 PIT QUARRY November 2015 www pitandquarry com