U.S. Silica Acquires Additional Reserves in Illinois
U.S. Silica Holdings, Inc. announced recently that it has completed the purchase of a 327-acre parcel of land.
U.S. Silica Holdings, Inc. announced recently that it has completed the purchase of a fully permitted, 327-acre parcel of land adjacent to its existing silica sand mine and plant in Ottawa, Ill. The company plans to use the land for future mining operations and said it will add approximately 30 million tons of proven reserves.
U.S. Silica purchased the property from a privately held mining company. The reserves reportedly are high-quality Ottawa White sand and will produce coarse and medium to fine product grades.
“Our strong balance sheet gives us the ability to move decisively when making opportunistic investments like this that will help extend the life of our flagship operation, ensure our long-term competitive position in the marketplace and ultimately drive business success,” said Bryan Shinn president and CEO.
For more information, visit www.ussilica.com.