Company type | Private |
---|---|
Industry | Nonmetallic Mineral Mining |
Headquarters | , |
Key people |
|
Number of employees | 138 [2] |
Parent | Vitol Anker International BV |
Website | www.hillsboroughresources.com |
Hillsborough Resources Limited was a privately-held coal mining company headquartered in Vancouver, British Columbia, Canada.
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]