Pan Pacific begins cable diversion

Pan Pacific Aggregates, the British Columbia-based aggregates company, 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.

In a statement the firm said that the development is significant because it further reduces the operating costs by allowing direct delivery of shot rock to the processing unit.

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The cost of the diversion, which is estimated to be around C$200,000, will be met from existing cash resources and work will take up to two months to complete.

Managing director William Voaden said: "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."

The share price rose 7.69% to 0.07p by 14:55.

NR