News blog
Pan Pacific Aggregates
- BY: Andrew Hore |
- POSTED: 04/12/2008 |
Pan Pacific Aggregates is making progress with its negotiations with HSBC.
The aggregates supplier is in dispute with HSBC about the leases on equipment at Pumptown Quarry in the Fraser Valley. The value of the writ has been reduced from C$13.3m to C$1.65m.
Pan Pacific still believes that this figure is too high.
Improved access to the Pumptown Quarry is planned and, along with Caren Ridge, the quarry should start production in the first quarter of 2009.
Potential joint venture partners are being assessed for the Pumptown Quarry so that they can help finance capital expenditure.
The shares rose 0.05p to 0.3p each, which values Pan Pacific at £870,000.
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|