15th Sep 2009 07:30
PAN PACIFIC AGGREGATES PLC
PUMPTOWN OPERATING PERMIT APPROVED
Pan Pacific Aggregates plc ("PPA" or the "Company"), the British Columbia based aggregates company, announces that the City of Abbotsford Council has approved the re-opening of the Pumptown Quarry.
Final approval was given at the Council Meeting held on 14 September 2009. Operating conditions, based on staff recommendations provided on 4 September 2009, included the completion of an access by-pass road on City of Abbotsford owned property for truck traffic and the limitation of processing operating hours from 7.00am to 5.00pm. Following development work it is expected that the quarry will become operational in October.
Managing Director, William Voaden, commented:
"This is positive news. We can now get down to running the quarry and to increasing shareholder value. Whilst awaiting the approval we have done detailed planning and this will help us bring the quarry into full production.
"The Board would like to thank shareholders for their support and we look forward to repaying them by building a successful aggregates business".
For further information, please see the Company's website (www.panagg.com) or contact:
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Pan Pacific Aggregates plc |
Tel: +44 (0) 20 7096 9580 |
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William Voaden |
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Dowgate Capital Advisers Ltd |
Tel: +44 (0) 20 7492 4777 |
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James Caithie / Aaron Smyth |
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VSA Capital Limited |
Tel: +44 (0) 20 7096 9589 |
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Paul Backhouse |
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Lothbury Financial Limited |
Tel: +44 (0) 20 7011 9411 |
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Michael Padley / Libby Moss |
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