Pan Pacific ahead of expectations

Canada-based quarry company Pan Pacific Aggregates says that sales from its Quadling Quarry in British Columbia are ahead of expectations. Quadling was reopened in March 2010. Although the weather has been poor, recent sales have been near to the levels achieved in the summer. The average selling price is being maintained, having risen 12% in the third quarter. Production costs are decreasing as Pan Pacific is drilling into higher quality rock. Pan Pacific is assessing a proposed extraction and operating agreement for the Shaw sand and gravel pit in Mission, British Columbia. Terms should be finalised in the first quarter of 2011 and production would then commence in the second quarter.