Rock Products

NOV 2012

Rock Products is the aggregates industry's leading source for market analysis and technology solutions, delivering critical content focusing on aggregates-processing equipment; operational efficiencies; management best practices; comprehensive market

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TOP NEWS VULCAN ANNOUNCES CHANGES Vulcan Materials Co. announced leadership changes as part of its ongoing management succession process. MSHA WATCH MSHA released a third‐quarter summary of mining deaths across the country. From July through September 2012, 11 deaths occurred in work‐related accidents – five in metal/nonmetal mining, and six in coal mining. Of the five metal/nonmetal mining deaths, two miners died as a result of falls, one miner died in a machinery accident, one miner lost his life due to falling material, and one miner was killed in a powered haulage accident. Of the six coal mining deaths, one miner was killed as a result of a machinery accident; two miners were fatally injured as a result of fall of rib, roof, face or back accidents; and three miners were killed in powered haulage accidents. USGS STATS According to USGS, The estimated production-for-consump- tion of crushed stone in the second quarter of 2012 increased in three of the nine geographic divisions compared with that sold or used in the second quarter of 2011. The increases were recorded in the East North Central, West North Central, and West South Central divisions. EDWARDS ON TOP Gus Edwards, NSSGA's executive vice president since 2008, has been elected by the Board of Directors to succeed Joy Pinniger as the asso- ciation's president and CEO upon her retirement Nov. 2. CAT OPENS VISITOR CENTER Caterpillar invested more than $52 million into its new Caterpillar Visitors Center, featuring nearly 50,000 sq. ft. and home to a number of exhibits, including a 62‐seat theater and a life‐sized Cat 797 truck. ECONOMIC INDICATORS New construction starts in September climbed 16 percent to a seasonally adjusted annual rate of $507.2 billion, it was reported by McGraw‐Hill Construction, a division of The McGraw‐Hill Companies. Highways and bridges settled back in September, falling 1 percent and 24 percent respectively. For the first nine months of 2012, highways and bridges together dropped 10 percent compared to last year, including construction start declines for these states – Texas, down 41 percent; Ohio, down 19 percent; and Florida, down 16 percent. A 15 percent gain brought the pace of new hous‐ ing construction to a seasonally adjusted annual rate of 872,000 units, while an 11.6 percent gain brought the pace of permit issuance to 894,000 units. These were the strongest numbers seen in both categories since July of 2008, according to the National Association of Home Builders. ENERGY U.S. total crude oil pro‐ duction will average 6.3 million barrels per day (bbl/d) in 2012, an increase of 0.7 million bbl/d from last year. Projected U.S. domestic crude oil production will increase to 6.9 million bbl/d in 2013, the highest level of production since 1993, according to the Energy Information Administration (EIA). Natural gas working inventories ended September 2012 at an estimated 3.7 trillion cu. ft. (Tcf), about 8 percent above the same time last year. EIA expects the Henry Hub natural gas spot price, which averaged $4.00 per million British thermal units (MMBtu) in 2011, to average $2.71 per MMBtu in 2012 and $3.35 per MMBtu in 2013. EIA expects projected expenditures for electrici- ty to be 5 percent higher, along with a 13 percent increase for propane this winter. ROCKproducts • NOVEMBER 2012 1

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