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MSHA Issues a New Serious Accident Alert

The Mine Safety and Health Administration (MSHA) has issued a new serious accident alert. The accident occurred on June 29. 

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Construction Spending Down for Month; Up for Year

Construction spending during June 2017 was estimated at a seasonally adjusted annual rate of $1,205.8 billion, 1.3 percent (±1.5 percent) below the revised May estimate of $1,221.6 billion. The June figure is 1.6 percent (±1.8 percent) above the June 2016 estimate of $1,186.4 billion.

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Vulcan's Aggregates Business Reaps Record Results

Vulcan Materials Co. announced results for the second quarter ended June 30, 2017. Total revenues increased $74 million, or 8 percent, to $1.03 billion. Gross profit was $292 million, in line with the prior year. Net earnings were $120 million and Adjusted EBITDA was $288 million.

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MSHA: No Mining Operations Meet POV Criteria

The U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) announced that – for the third consecutive year – none of the nation’s more than 13,000 mining operations meets the criteria for a Pattern of Violations notice. The screening period started on July 1, 2016, and ended on June 30, 2017.

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Summit Materials Aggregates Revenue Sees Healthy Increase

Summit Materials Inc. announced results for the second quarter 2017. For the three months ended July 1, 2017, the company reported basic earnings per share of $0.47 on net income of $50.0 million, compared to basic earnings per share of $0.21 on net income of $13.4 million in the prior year period. Operating income increased by 75. percent to $82.4 million in the second quarter 2017, versus $46.9 million in the prior year period.

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