Rock Products

JAN 2018

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6 • ROCK products • January 2018 IN THE KNOW FAST FACT "Anything built in this country of any significance began with a rock." – Michael Johnson The Missouri Limestone Producers Association (MLPA) announced the election of its 2018 board of directors and officers. Those elected for a second term are: Craig Bussen, Bussen Quarries; Todd Griesemer, Anchor Stone; Matt Rosen- thal, Martin Marietta; and Mike Martin, Delta Companies Inc. Additional board members who con- tinue to serve are: Tim Woodard, Boone Quarries; Keith Stevens, Ash Grove Aggregates; John Clark, Midwest Minerals; Tim Dobbelare, Tower Rock Stone; Brian Dockery, Central Stone Co.; Pat Mingucci, Farmer Holding Co.; Perry Schneider, Journagan Construc- tion; and Lance Green, Murphy Tractor & Equipment. "I am happy to congratulate these leaders on their election and con- tinue working with the entire Board to promote the limestone industry in Missouri. I'm looking forward to the ideas and effort that they bring forth. And I want to thank the current Board members for their continuing service to our industry," said Mike Martin, current board president and area National Miners Day Celebrated Dec. 6 was National Miners Day, a day designated by Congress to honor the contributions and sacrifices of miners both past and present. It is appropri- ate that the country takes a moment to celebrate the incredible contributions that those who quarry stone, sand and gravel make on everyday life. "The 100,000 men and women in the aggregates industry provide the foun- dations that build America and should be recognized for their dedication and hard work," said Michael W. Johnson, president and CEO of the National Stone, Sand and Gravel Association. Specifically, he highlighted the central role that the industry plays in the U.S. economy. "Anything built in this country of any significance began with a rock," Johnson added. House Education and Workforce Sub- committee Chairman Bradly Byrne (R-Ala.) recognized the industry in a speech on the floor of the U.S. House of Representatives. He emphasized the continuing and successful effort to improve safety. "While performing this critical function, workers in the aggregates sector have helped make workplaces the safest they have ever been," Byrne said. "In fact, 2016 marked the 16th consecutive year in which that industry reduced its injury rate from the year-earlier level." "For as long as American industry has existed, Americans have benefitted from the energy, metals and miner- als made available by miners," stated the National Mining Association. "The mining industry drives our supply chain, fueling a third of our power grid and providing essential materials for manufacturing and infrastructure projects across the U.S. From airplanes and hybrid cars to national defense and medical technologies, minerals like beryllium, chromium, molybde- num, titanium, platinum, nickel, copper, kyanite and iron all make it possible." FAST FACT Revenues for its Construction Aggregates division were up for the quarter, the year and year- over-year. Natural Resource Partners Aggregates Business Up Natural Resource Partners L.P. (NRP) reported third quarter 2017 net income of $26.1 million and net income attrib- utable to the common unitholders and general partner of $18.4 million, which equated to $1.48 and $1.07 basic and diluted net income per common unit, respectively. NRP also generated Adjusted EBITDA of $58.1 million. Revenues for its Construction Aggre- gates division were up for the quarter, the year and year-over-year. While operating performance was in line with the previous quarter, performance improved compared to Q3 2016 as a result of increased production and sales volumes, higher margins on road con- struction and asphalt paving projects and increased marine terminal activ- ity. DCF was lower due to temporary timing differences in cash receipts and payments that are expected to reverse during the remainder of the year. Craig Nunez, president and chief operating officer of Natural Resource Partners, commented: "I am pleased with our recent performance. We continue to generate substantial amounts of cash from operations and our third quarter results have consid- erably improved compared to prior year levels. In addition, we continue to strengthen our balance sheet and have reduced debt $294.4 million during 2017. Compared to the prior quarter, our results were reflective of the steady performances from our Coal Royalty, Soda Ash and Construc- tion Aggregates segments." Missouri Limestone Producers Elect New Board

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