The family is putting 800 acres on the block, including two operating sand pits, a recycling operation and three undeveloped tracts, one of which has permitting in place for mining and recycling. The rest of the land is suitable for recreational or residential development. Equipment and other assets from the mining operations will be sold separately.Heun said the family will concentrate on construction, with an emphasis on large projects. In addition to many area schools, Albrecht & Heun provided site work for the Walmart in Rio Grande and the Cape May County Zoo.
Future Mining of Middle Township, a subsidiary of family-owned Albrecht & Heun, is for sale. The estimated market value of the sand and gravel reserves: $74 million — and the price could spike higher if the sand is found to be suitable for fracking, a controversial process used to extract oil and natural gas from the earth.
http://www.courierpostonline.com/article/20120227/NEWS01/302270028/1006
Future Mining of Middle Township, a subsidiary of family-owned Albrecht & Heun, is for sale. The estimated market value of the sand and gravel reserves: $74 million — and the price could spike higher if the sand is found to be suitable for fracking, a controversial process used to extract oil and natural gas from the earth.
http://www.courierpostonline.com/article/20120227/NEWS01/302270028/1006