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Pan PacificAggregate (MXO)

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Tuesday 15 September, 2009

Pan PacificAggregate

Pumptown Operating Permit App

RNS Number : 0551Z
Pan Pacific Aggregates PLC
15 September 2009
 



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:


Pan Pacific Aggregates plc

Tel: +44 (0) 20 7096 9580

William Voaden



Dowgate Capital Advisers Ltd

Tel: +44 (0) 20 7492 4777

James Caithie / Aaron Smyth



VSA Capital Limited

Tel: +44 (0) 20 7096 9589

Paul Backhouse



Lothbury Financial Limited

Tel: +44 (0) 20 7011 9411

Michael Padley / Libby Moss




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