Sep 19 2013
Vulcan Materials Company today announced the commencement of mine development at the Company's Azusa Rock Quarry, east of Los Angeles, California. This strategically located source of reserves in the San Gabriel Valley contains over 100 million tons of quality granite aggregate, allowing Vulcan to supply critical California infrastructure projects and commercial development for decades to come.
The project also will support Vulcan's redevelopment of former mining sites. In particular, this project will generate millions of yards of overburden material that will be used to complete reclamation of a 90-acre former sand and gravel mine in nearby Irwindale for commercial development. This reclamation is expected to be completed by 2018.
According to Donald M. James, Chairman and Chief Executive Officer of Vulcan Materials, "This project is consistent with our long-term strategy of securing aggregates reserves in the fastest-growing regions of the United States while also building upon our significant and valuable land holdings in ways that benefit our shareholders, our employees, and our valuable host communities. It is the culmination of years of cooperative work with the City of Azusa, regulatory officials and local stakeholders to ensure that it meets the expectations of the community, state and local government officials, and Vulcan Materials Company. The cities of Azusa and Irwindale will see hillside restoration and the development of a key property at a major intersection serving both cities."
ABOUT VULCAN MATERIALS COMPANY
Vulcan Materials Company, a member of the S&P 500 index, is the nation's largest producer of construction aggregates, a major producer of asphalt mix and concrete and a leading producer of cement in Florida.
Source: http://www.vulcanmaterials.com