News

Graymont Conducting an Environmental Impact Assessment and Consultation Process with a View to Invest in a Lime Plant and Quarry in Giscome, British Columbia

June 17, 2013

Richmond, British Columbia  Graymont today confirmed that it is conducting an environmental impact assessment and consultation process to build a Lime Plant and Quarry in the Regional District of Fraser-Fort George at Giscome, British Columbia.

The planned investment is consistent with Graymont's strategy for growth in Western Canada and its objective to be the supplier and partner of choice in the lime and limestone industry. "This project will complement Graymont's current network of plants to reliably serve existing and new customers across Western Canada and the North," said President and CEO Stéphane Godin.

The project site near Giscome is located approximately 27 km east/northeast from the City of Prince George. Graymont holds claims on a high quality limestone deposit adjacent to a rail line for shipping products to customers throughout Western Canada and the North.

Graymont is committed to world-class standards with respect to the environment and sustainability, and strives to make positive contributions to the communities where it operates. With respect to this project, “the proposed lime plant and quarry project would generate economic spinoffs for the Lheidli T’enneh First Nation and local communities” noted Stéphane Godin.

The consultation process for the project has been initiated with local authorities and the Lheidli T’enneh First Nation. Dominic Frederick, the Chief of the Lheidli T’enneh, and Stéphane Godin, Graymont CEO, have signed a protocol for communications between the parties which includes a framework for negotiations.

The project will require approvals under the BC Environmental Assessment Act and from the Regional District. Graymont is currently preparing to host public information sessions in the region. Assuming the necessary approvals are in place in 2014, the Company anticipates starting construction in the spring of 2015 and lime production would begin in 2016.

Graymont is the second largest producer of lime in North America with facilities across the United States and Canada, and has a significant investment in Grupo Calidra, the largest lime producer in Mexico.

Contact:

Mathieu Bouchard
Vice President, Corporate,
Environment Affairs and Sustainability
Office: +1 450 645 2452