14 May 2012 07:00
Pan Pacific Aggregates plc
("PPA" or the "Company")
Local Area Plan, Shaw Pit
Pan Pacific Aggregates plc (AIM:PPA), the British Columbia based aggregates company, announces that at a Council meeting of The District of Mission on Monday 7 May 2012, the Council agreed to develop a Local Area Plan ("the Plan") for inclusion in the Official Community Plan for the Keystone Avenue aggregate operations.
The Plan will encourage a collaborative and complementary approach between local operators, including PPA, for the extraction and processing of the aggregates. The Plan will also address the afteruse and future development of the pits once exhausted. It allows PPA the opportunity to agree terms with other operators for PPA to operate other pits.
Shaw Pit
Shaw Pit is an existing sand and gravel pit owned by The District of Mission. PPA has been selected by The District of Mission to operate the reserve, and the Company is currently in discussions to achieve an amendment to the Mines Permit to reflect the envisaged operational requirements. The extraction, processing and sale of aggregates will be operated by PPA.
Chairman, Lynda Chase-Gardener, commented, "We look forward to working with Shaw Pit's neighbouring operators to develop The District of Mission's Local Area Plan, especially with regard to processing and supplying into local concrete and asphalt manufacturing facilities."
For further information please visit the Company's website (www.panagg.com) or contact:
Pan Pacific Aggregates plc Lynda Chase-Gardener, Chairman Euan McAlpine, Executive Director |
Tel: +44 (0) 1206 230770 Tel: +44 (0) 182 925 0576
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Zeus Capital Limited Ross Andrews/Tom Rowley |
Tel: +44(0) 161 831 1512
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Alexander David Securities Limited David Scott/Bill Sharp
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Tel: +44(0) 20 7448 9800 |
Rivington Street Corporate Finance Jon Levinson |
Tel: +44(0) 20 7562 3357
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Walbrook PR Louise Mason |
Tel: +44 020 7933 8780
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Notes to Editor
Pan Pacific Aggregates opened Quadling Quarry in the spring of 2010. The Quarry is located adjacent to Highway 1, close to the cities of Abbotsford and Chilliwack, in the Fraser Valley Regional District of British Columbia, Canada.
The Quarry produces a wide range of quality crushed rock meeting MMCD specifications. It supplies crushed aggregate materials to local contractors, developers, the agricultural industry and private home owners throughout the Lower Mainland and Greater Vancouver Area.