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Approval re Cable Diversion at Quadling

15th Nov 2011 07:00

RNS Number : 0787S
Pan Pacific Aggregates PLC
15 November 2011
 



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

 

Zeus Capital Limited Tel: +44 161 831 1512

Ross Andrews / Aaron Smyth

 

Alexander David Securities Limited Tel: +44 20 7448 9820

David Scott / Bill Sharp

 

XCAP Securities plc Tel: +44 207 101 7070

John Grant / Karen Kelly

This information is provided by RNS
The company news service from the London Stock Exchange
 
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