Hillsborough Resources
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Hillsborough Resources Limited was a privately held coal mining company headquartered in Vancouver, British Columbia, Canada.
- David J. Slater
- David Turnbull (CEO as of 2016)[1]
| Type | Private |
|---|---|
| Industry | Nonmetallic Mineral Mining |
| Headquarters | , |
| Key people |
|
Number of employees | 138[2] |
| Parent | Vitol Anker International BV |
| Website | www.hillsboroughresources.com |
Hillsborough operated the Quinsam underground thermal coal mine near Campbell River, British Columbia from 1987, serving the local and west-coast United States cement industry,[1] and the Crossville underground coal mine in Tennessee, United States serving the regional power utility and industrial markets.[3] It also developed the Wapiti Thermal Coal mine near Tumbler Ridge.[4] In addition, Hillsborough owned and operated the Middle Point Barge Loading Facility located on Vancouver Island, Canada.[5]
The company's Crossville mine had discontinued operation by 2007,[3] and the company closed the Quinsam mine in 2016 due to economic pressure, firing 66 people in the process.[1]
It emerged out of bankruptcy protection in 2000 to fend off a takeover bid offering in 2000 $0.18 per share, by Vulcan Capital Management.[6] However, effective December 21, 2009, Vitol Anker International B.V. of the Vitol Group acquired Hillsborough Resources Limited for $0.50 per share, inheriting all its debt.[7]