Company news: Heemskirk
Heemskirk released its fourth quarter activities statement (Heemskirk's financial year ends 30-Sep).
Progress continued on the construction of the Moberly frac sand operation, with the mine haulage road now complete, and progress on the processing plant continuing. The project is now 35% complete. Following an engineering review, project completion and first production is expected in Q3 2017.
The company has commenced mining and hauling silica, taking advantage of the milder weather. The company affirmed, from various reputable industry sources, that the demand outlook for frac sand is strong,