13th Apr 2012 07:00
Pan Pacific Aggregates plc
("PPA" or "the Company")
Completion of BC Hydro Cable
Pan Pacific Aggregates plc (AIM:PPA), the British Columbia based aggregates company, is pleased to announce the completion of the BC Hydro cable diversion at its Quadling Quarry in the Fraser Valley Regional District. The 911 emergency cable at Quadling was moved to the west of the quarry where reserves have previously been worked out, to allow the Company access to new aggregate material. The power has now been switched to the new diverted cable providing PPA access to the eastern end of the quarry.
The project was completed within budget. The cause of the delay to the previously stated schedule was poor weather hindering the helicopter from lifting vital components to the top of the quarry.
As previously reported, the cable diversion enables PPA access to more than one million tonnes of further reserves and reduces operating costs by allowing direct delivery of shot rock to the processing unit.
Chairman, Lynda Chase-Gardener, comments: "The BC Hydro cable diversion project is a large step forward in the development of both the Quadling Quarry and Pan Pacific Aggregates as a Company. I would like to thank all those involved in this very complicated task and I look forward to seeing Quadling Quarry reap the benefits of this diversion"
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
|
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 9820 |
Rivington Street Corporate Finance Jon Levinson |
Tel: +44(0) 20 7562 3357
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Walbrook PR Louise Mason |
Tel: +44(0) 20 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.
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