Last checked at 15 Nov 2011 07:00
PAN PACIFIC AGGREGATES PLC
APPROVAL RE CABLE DIVERSION AT QUADLING
WORK COMMENCED
Pan Pacific Aggregates plc (the "Company"), the British Columbia based aggregates company, is pleased to announce that, following receipt of approval from BC Hydro, work has started on the diversion of the 911 emergency cable at Quadling. The cable will be moved to the west of the quarry where the reserves have been worked out, thereby freeing up access to new aggregate material.
This development is significant not only because it increases the workable reserves in the quarry by over a million tonnes, but it also further reduces the operating costs by allowing direct delivery of shot rock to the processing unit.
The cost of the diversion (estimated to be approximately C$200,000) will be met from existing cash resources and work will take up to two months to complete.
William Voaden, Managing Director, commented:
"This development is a great boost to Quadling. It provides access to some of the quarry's best quality reserves whilst minimising processing costs. Work has commenced and we anticipate the results will yield financial benefits in 2012."
For further information please see the Company's web site, www.panagg.com or contact:
Pan Pacific Aggregates plc Tel: +44 182 925 0576
Euan McAlpine
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