Covia sales suffer in US fracking downturn
Published: Tuesday, 10 March 2020
Major frac sand miner Covia has reported falling sales, with the US fracking market under pressure, and miners struggling with oversupply.
On Tuesday March 10, the
company’s energy division, which provides
proppants to the fracking industry, reported sales of 3.3
million short tons for the last quarter of 2019, down 21% on
the previous three month period.
Covia, which was formed in 2018 by a merger between Unimin