July 13, 2014 9:45 PM ET

Metals and Mining

Company Overview of Fairmount Minerals Ltd.

Company Overview

Fairmount Minerals Ltd. produces industrial sand in North America. It offers curable resin-coated proppants for conventional shallow wells, and multi-stage and horizontal treatments; and purity sands, biodegradable ball sealers, and superset activators. The company also provides conventional and specialty coated sand products, colored quartz products, custom blending technologies, high performance resins, industry-best logistics, low-iron sands for flat glass, glass containers, and fiberglass, as well as conventional sand and engineered ceramic media for municipal and industrial water treatment applications. It serves abrasive media, oil and gas, sports and recreation, foundry, building and ...

8834 Mayfield Road Chesterland

Chardon, OH 44026

United States

Founded in 1986

Phone:

440-214-3200

Fax:

440-729-0265

Key Executives for Fairmount Minerals Ltd.

Chief Executive Officer and President
Founder and Chairman
Vice President of Operations
Senior Vice President of Global Purchasing
Director of Communications and Engagement
Compensation as of Fiscal Year 2014.

Fairmount Minerals Ltd. Key Developments

Fairmount Minerals Reportedly Eyes $1 Billion IPO

Fairmount Minerals Ltd. is exploring an initial public offering of around $1 billion, people familiar with the matter said. American Securities holds a controlling stake in Fairmount, which could be valued at more than $6 billion, including debt. Barclays Plc, Morgan Stanley and Wells Fargo & Co are likely to lead the IPO of Fairmount Minerals, some of the sources added.

Fairmount Minerals Ltd. Announces Executive Changes

Fairmount Minerals Ltd. announced that Jenniffer Deckard has been appointed President and Chief Executive Officer. She is assuming this position upon the retirement of Chuck Fowler after his seventeen years in that capacity. Fowler will continue as a Director and as Chairman of the Executive Committee of the Fairmount Board. Although stepping down from day-to-day management responsibility, Fowler will continue as a mentor and advisor to management. Deckard joined Fairmount in 1994 in Illinois and was appointed President in January 2011. Prior to that date, she was Chief Financial Officer and has led the company's extensive Sustainable Development activities since 2005.

Fairmount Minerals Ltd. Increases Sand Production at Two US Midwest Mines

Fairmount Minerals Ltd. announced its mines in Maiden Rock, Wisconsin, and Wedron, Illinois, have increased their Northern White sand production with a lower environmental footprint. With high purity, uniform particle size, round shape, and high crush strength, Northern White sand is an ideal proppant for hydraulic fracturing. Operators working in unconventional hydrocarbon basins are demanding a greater quantity of this sand, which is mined from deposits centered in Wisconsin and Illinois, to improve shale gas and shale oil production. The Maiden Rock mine production upgrade to 1 million tons per year includes a new wet plant that recycles virtually all process water. A new sand dryer runs on cleaner-burning natural gas instead of propane. The rail load-out station is located farther away from the village of Maiden Rock, reducing the community's industrial activity. A lower environmental footprint is a primary goal of the company. The Wedron mine production upgrade, to more than 2.5 million tons per year, also includes environmentally compliant technology. The technology efficiently separates a coarse grain size cut from mine-run sand for processing into the coarser distribution required for the company's frac grades. High-quality sand for the foundry industry achieves higher strength in molds, cores, and shells while reducing cycle time with fewer defects. Specialized sand products for sports and recreation include golf course minerals, synthetic turf infill, topdressing and construction mixes, equestrian surfaces, and volleyball sand.

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