January
29, 2009 – The Susan Lake Gravel Pit, located in the heart of Alberta’s existing oil sands developments has set an all time output record for a Canadian
aggregate operation.
Athabasca Minerals Inc. reports that its recent acquisition Aggregates
Management Inc. (AMI), sold a massive 11.83 million tonnes of sand and gravel
from the Susan Lake Gravel Pit for the year ended November 30, 2008.
The Susan Lake Gravel Pit is
situated approximately 85 km north of Fort
McMurray and straddles the oil sands operations of
three major oil sands companies. The pit is approximately 9,262 acres in
size and the current area of development covers approximately 1,200 acres of
the deposit.
Oil sands companies are said to be
among the biggest users of the pit as they require large volumes of gravel to
build and expand their infrastructure and also maintain the network of roads
used to haul oil sands from the extraction point to upgrading & refining
facilities on their respective leases. Significant amounts of sand and gravel
from the Susan Lake Gravel Pit were also utilized for various infrastructure
developments in the City of Fort
McMurray. These aggregates were used primarily as
concrete, asphalt and road base aggregates.
Company president and CEO Dom
Kriangkum reports that the company’s best month was September 2008 in which a
total of 2.1 million tonnes of sand and gravel was sold. October sales were 1.6
million tonnes and the year was closed off in November with 1.9 million tonnes
sold.
Athabasca Minerals Inc.
is the manager of the public Susan Lake
pit where a number of different companies may be extracting
material at any one time.
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