ST. LAWRENCE CEMENT GROUP INC.
TSX : ST.SV.A
TSX : ST.A

ST. LAWRENCE CEMENT GROUP INC.

December 04, 2006 17:04 ET

St. Lawrence Cement Group: Ontario Provincial Cabinet Approves the Extension of Dufferin Aggregates' Milton Quarry

MONTREAL, QUEBEC--(CCNMatthews - Dec. 4, 2006) - St. Lawrence Cement Group Inc. (TSX:ST.A)

The Ontario Provincial Cabinet has given the green light to Dufferin Aggregates' Milton quarry extension by dismissing the appeal of the groups that opposed the application. In June 2005, a Joint Board composed of two hearing officers from the Ontario Municipal Board and the Environmental Review Tribunal ruled that the application was in the public interest and approved it, with strong conditions. This decision was appealed to the Provincial Cabinet by two environmental groups and three members of the public.

"We are pleased with Cabinet's decision to uphold the Boards approval" said Bill Galloway, General Manager for Dufferin Aggregates, a business unit of St. Lawrence Cement. "All the agencies supported the project, and it fits well with government Policy. We agree with the Board's conditions, especially since most of them had already been recommended by the municipalities, the Niagara Escarpment Commission and Conservation Halton", added Mr. Galloway.

One of the unique aspects of the proposal is an agreement that Dufferin Aggregates will hand over 1000 acres of the rehabilitated quarry and adjacent lands to public ownership. It will include naturalized wetlands and woodlands and a working reservoir.

Planning for the Milton expansion began in 1996 with in-depth environmental research and geological studies that formed the basis of the license application. During these years, the proposal has been making its way through the mandated regulatory process while undergoing a number of changes in response to comments from stakeholders.

The Milton quarry has supplied high quality crushed stone for GTA infrastructure and construction needs since 1962, including Pearson Airport and Hwy. 407. It employs 80 people. The extension adds another 15 years of operation.

St. Lawrence Cement Group is a leading producer and supplier of products and services for the construction industry, namely cement, concrete, aggregates and construction. The company operates in Canada and on the eastern seaboard of the United States, and employs a total of 3,200 people.

Contact Information

  • Dufferin Aggregates
    Bill Galloway
    General Manager
    905-532-3210