Vancouver — The Alberta government has approved construction of the Muskeg Valley limestone quarry, near Fort McMurray. Project owner
The quarry will produce a range of limestone products, including aggregates used in asphalt and concrete. Startup is slated for late summer.
A prefeasibility report by AMEC Americas indicates a proven and probable reserve of 1.2 billion tonnes of limestone. Initial capital costs of $130 million were estimated for development of the quarry and construction of an aggregate and quicklime plant. The quarry is expected to last 70 years, and the combined pretax net present value is pegged at $698 million.
The company, which recently added an American Stock Exchange listing, has 67.7 million shares outstanding and recently traded at $3.10.
Be the first to comment on "Alberta OKs limestone quarry"