US: National Gypsum will reopen its Wilmington, North Carollina wallboard plant which was idled in 2009. The company plans to spend US$25m on upgrading the site. The company also plans to build a rail spur into the plant to support despatch by railway. The site will use raw gypsum from the company’s quarry in Halifax, Nova Scotia in Canada.

"We expect to have the plant operational by the end of the year," said chief executive officer Tom Nelson. The company intends to use the plant to grow its specialty gypsum wallboard board product lines, which include mould and moisture-resistant features. Nelson thanked the Wilmington Business Development, New Hanover County Commission, and Wilmington City Council for assistance with the project so far. Thanks was also given to the North Carolina Railroad Company, the North Carolina Department of Transportation, and Duke Energy for their support.

US: The board of directors of USG has authorised its management to commence negotiations with Germany’s Knauf regarding a potential sale of the company. USG has advised Knauf that it is prepared to agree to a customary confidentiality agreement to facilitate sharing appropriate due diligence information. The board added that it, “…remains committed to acting in the best interests of all shareholders and will evaluate all options to do so.”

Knauf made a US$5.9bn bid for USG in March 2018 that was rejected. It then urged shareholders to vote against director nominees at USG’s annual general meeting. Warren Buffett, the chief executive officer Berkshire Hathaway, subsequently agreed to back the opposition to the directors. Berkshire Hathaway holds a 31% stake in USG and Knauf holds a 10.5% stake.

US: The Gypsum Association has elected Charles R Harrison as the chair of its board of directors. Harrison is the Vice President Technology & Product Innovation of the Gypsum Division of Georgia-Pacific. Other appointments that have been elected include USG’s Albert R Zucco as the vice-chair of the board, CertainTeed Gypsum’s Peter Mayer as treasurer and the Gypsum Association's Stephen H Meima as the secretary. Continental Building Products’ Timothy Power is the past chair of the board. Officers were elected at the meeting of the Association’s board of directors in Jacksonville, Florida. All terms are for one year and are effective from 1 May 2018.

Canada: Red Moon Resources has submitted a development plan for an open cast gypsum mine at the Ace deposit in western Newfoundland to the government of Newfoundland and Labrador. The project has already received environmental clearance. It is currently attempting to find customers for gypsum and anhydrite from mine. Previously the site was used by the Flat Bay mine, which produced at least 15Mt of gypsum prior to 1990.

Red Moon Resources is an industrial minerals company developing the Ace Gypsum deposit, the Black Bay Nepheline deposit and the Captain Cook Salt deposit in Newfoundland and Labrador. Its majority shareholder is Vulcan Minerals.

More Articles ...

Subcategories