NACCO Industries (NC) unit North American Mining said late Wednesday it executed multi-year contract extensions with clients in Florida and Arkansas.
The extended contracts position the unit to support growing infrastructure demand through nearly 5 million tons of annual production, according to a statement.
North American Mining has extended its contract with the Florida customer by 20 years and its contract with the sand and gravel client in Arkansas by four years, the company said.
China Qinfa (HKG:0866) expects to record a profit after taxation of no more than 290 million yuan for the first half of 2026, compared with 31 million yuan of post-tax profit from continuing operations a year earlier, according to a Tuesday filing with the Hong Kong Exchange.The expected increase was mainly driven by higher average coal selling prices, increased raw coal and washed coal production, a decrease in foreign exchange losses, and a gain from changes in provisions.Shares of the coal company were up nearly 4% in morning trade on Wednesday.
TechnipFMC (FTI) won a contract valued at $75 million to $250 million to supply flexible flowlines and risers for Azule Energy's West Hub Tails project offshore Angola.The award will be included in Q3 inbound orders, TechnipFMC said Tuesday in a statement.TechnipFMC will design and manufacture flowlines, risers, and associated equipment to accommodate production from the West Hub area for consolidation into the Agogo floating production, storage, and offloading vessel.Azule is a joint venture between BP (BP) and Eni (E).
Smart Sand (SND) reported Q2 earnings late Tuesday of $0.25 per diluted share, down from $0.54 a year earlier.Revenue for the quarter ended June 30 was $115.1 million, up from $85.8 million a year earlier.FactSet estimates were not available.Also, the company said its board approved in August the transition of the role of chief financial officer from Lee Beckelman to James Young, starting Jan. 1, 2027.