CALGARY, June 19 /CNW/ - Birch Mountain Resources Ltd. ("Birch Mountain")
(BMD: TSX and AMEX) is pleased to announce that it has signed a three-year
contract with Suncor Energy Inc. (SU: TSX and AMEX) for the supply of an array
of construction aggregates from its Muskeg Valley Quarry, effective June 2007.
"This marks the first long-term aggregate contract of its kind in the oil
sands" says Joel Jarding, President and Chief Operating Officer. "Shifting to
longer term contracts as opposed to the historical spot market is a strategic
opportunity for Birch Mountain with mutual benefit to the customer. This
contract confirms Birch Mountain as a reliable supplier of high quality
aggregates in the oil sands region, with the reserves to enter into
longer-term arrangements. We look forward to partnering with Suncor and
delivering value to their expanding operations."
The terms of the contract are confidential.
Suncor pioneered the commercial development of the Athabasca oil sands
and during the past 40 years has expanded their production capacity of
synthetic crude oil to an average of 260,000 barrels per day (bpd), with
announced plans to grow to 550,000 bpd by early in the next decade.
Birch Mountain's Muskeg Valley Quarry is now operating with two 12-hour
shifts, 24 hours per day, 7 days per week processing aggregates to multiple
specifications, producing and shipping on a continuous basis to supply the
rapidly growing needs of construction projects in the Fort McMurray oil sands
Forward Looking Statements: This news release contains certain
forward-looking statements. All statements, other than statements of
historical fact, included herein, including without limitation, statements
regarding potential mineralization, resources and reserves, exploration
results, research and development results, and the future plans and objectives
of Birch Mountain are forward-looking statements that involve various risks
and uncertainties. There can be no assurance that such statements will prove
to be accurate and actual results and future events could differ materially
from those anticipated in such statements. Important factors that could cause
actual results to differ materially from Birch Mountain's expectations are
disclosed elsewhere in documents that are available to the public at
www.sedar.com and www.sec.gov.
For further information:
For further information: Joel Jarding, President & COO or Derrick
Kershaw, Senior Vice President, Birch Mountain Resources Ltd., Tel (403)
262-1838, Fax (403) 263-9888, www.birchmountain.com; or Steve Chizzik, Equity
Communications, Tel (908)688-9111