British Columbia company receives production permit after six-year wait

By |  March 21, 2014

Highbank Resources received approval to begin production of the Swamp Point North Aggregate Project north of Prince Rupert, British Columbia, Canada. According to Financial Press, Highbank has an aggregate resource of more than 70 million tons.

“This permit is a very big milestone for us,” says Victor Bryant, Highbank CEO, in an interview with Financial Press. “We have been working on this, getting over the hurdles, for about six years. There is now a very straightforward path to production.”

Bryant says the site’s location is an advantage for Highbank.

“We are close to the epicenter of the northern [British Columbia] construction boom, and we are on tidewater,” he says. “The cost advantages are significant. Aggregate is a bulk commodity. Transportation is a major cost factor. Highbank can load directly onto barges and ships whereas many of our competitors are forced to truck in the product.”

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Kevin Yanik

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Kevin Yanik is editor-in-chief of Pit & Quarry. He can be reached at 216-706-3724 or kyanik@northcoastmedia.net.

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