Vulcan Materials Mine Shutdown Over Safety Violations

Ticker: VMC · Form: 8-K · Filed: 2024-05-03T00:00:00.000Z

Sentiment: bearish

Topics: mine-safety, regulatory-action, operations-disruption

Related Tickers: VMC

TL;DR

Vulcan Materials' Calera Quarry shut down by MSHA for safety violations. Expect supply chain issues.

AI Summary

On May 1, 2024, Vulcan Materials Company filed an 8-K report detailing a mine safety event. The company reported a shutdown of its operations at the Calera Quarry in Alabama due to a pattern of violations identified by the Mine Safety and Health Administration (MSHA). This shutdown impacts the company's production and supply chain.

Why It Matters

The shutdown of Vulcan Materials' Calera Quarry due to MSHA's findings could disrupt aggregate supply, potentially impacting construction projects and increasing material costs in the affected region.

Risk Assessment

Risk Level: medium — The shutdown of a significant operational site due to regulatory violations poses a direct risk to production and revenue, with potential for further penalties or operational adjustments.

Key Players & Entities

FAQ

What specific violations led to the shutdown of the Calera Quarry?

The filing states the shutdown was due to a 'pattern of violations' identified by the Mine Safety and Health Administration (MSHA), but does not detail the specific violations in this report.

When did the shutdown of the Calera Quarry take effect?

The report indicates the earliest event reported was on May 1, 2024, which is when the shutdown related to the MSHA findings would have been initiated or reported.

What is the expected duration of the Calera Quarry shutdown?

This 8-K filing does not specify the expected duration of the shutdown; it only reports the event itself.

What is Vulcan Materials Company's primary business?

Vulcan Materials Company is engaged in the mining, quarrying, and sale of nonmetallic minerals, primarily construction aggregates.

Where is Vulcan Materials Company headquartered?

Vulcan Materials Company's principal executive offices are located at 1200 Urban Center Drive, Birmingham, Alabama 35242.

From the Filing

0001140361-24-024346.txt : 20240503 0001140361-24-024346.hdr.sgml : 20240503 20240503162525 ACCESSION NUMBER: 0001140361-24-024346 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240501 ITEM INFORMATION: Mine Safety - Reporting of Shutdowns and Patterns of Violations FILED AS OF DATE: 20240503 DATE AS OF CHANGE: 20240503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Vulcan Materials CO CENTRAL INDEX KEY: 0001396009 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 208579133 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33841 FILM NUMBER: 24913557 BUSINESS ADDRESS: STREET 1: 1200 URBAN CENTER DRIVE CITY: BIRMINGHAM STATE: AL ZIP: 35242 BUSINESS PHONE: (205) 298-3000 MAIL ADDRESS: STREET 1: 1200 URBAN CENTER DRIVE CITY: BIRMINGHAM STATE: AL ZIP: 35242 FORMER COMPANY: FORMER CONFORMED NAME: Virginia Holdco, Inc. DATE OF NAME CHANGE: 20070409 8-K 1 ef20028323_8k.htm 8-K false 0001396009 0001396009 2024-05-01 2024-05-01 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported):  May 1, 2024 VULCAN MATERIALS COMPANY (Exact name of registrant as specified in its charter) New Jersey   001-33841   20-8579133           (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.) 1200 Urban Center Drive Birmingham , Alabama 35242 (Address of principal executive offices) (zip code) ( 205 ) 298-3000 Registrant's telephone number, including area code Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $1 par value VMC New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ☐ Item 1.04. Mine Safety.   On May 1, 2024, Vulcan Construction Materials, LLC, a subsidiary of Vulcan Materials Company (the “Company”), received an imminent danger order issued by the Mine Safety and Health Administration under section 107(a) of the Federal Mine Safety and Health Act of 1977 at its Searcy Quarry in Judsonia, Arkansas. The order was issued to remove an employee observed on top of the body of a drill at a height over seven feet without fall protection. No injuries occurred, and the Company took corrective action with respect to the incident. SIGNATURES   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.     VULCAN MATERIALS COMPANY     Date:

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