Hillsborough Resources
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Hillsborough Resources Limited was a privately-held
coal mining Coal mining is the process of extracting coal from the ground. Coal is valued for its energy content and since the 1880s has been widely used to generate electricity. Steel and cement industries use coal as a fuel for extraction of iron from ...
company headquartered in
Vancouver Vancouver ( ) is a major city in western Canada, located in the Lower Mainland region of British Columbia. As the List of cities in British Columbia, most populous city in the province, the 2021 Canadian census recorded 662,248 people in the ...
, British Columbia, Canada. Hillsborough operated the Quinsam underground
thermal coal Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal is formed when de ...
mine near
Campbell River, British Columbia Campbell River, or Wiwek̓a̱m, is a city in British Columbia on the east coast of Vancouver Island at the south end of Discovery Passage, which lies along the 50th parallel north along the important Inside Passage shipping route. Campbell River ...
from 1987, serving the local and west-coast United States
cement industry A cement is a binder, a chemical substance used for construction that sets, hardens, and adheres to other materials to bind them together. Cement is seldom used on its own, but rather to bind sand and gravel ( aggregate) together. Cement mi ...
, and the Crossville underground coal mine in
Tennessee Tennessee ( , ), officially the State of Tennessee, is a landlocked state in the Southeastern region of the United States. Tennessee is the 36th-largest by area and the 15th-most populous of the 50 states. It is bordered by Kentucky to th ...
, United States serving the regional power utility and industrial markets. It also developed the Wapiti Thermal Coal mine near
Tumbler Ridge Tumbler Ridge is a district municipality in the foothills of the B.C. Rockies in northeastern British Columbia, Canada, and a member municipality of the Peace River Regional District. With a population of 2,399 (2021) living in a townsite, the ...
. In addition, Hillsborough owned and operated the Middle Point Barge Loading Facility located on
Vancouver Island Vancouver Island is an island in the northeastern Pacific Ocean and part of the Canadian Provinces and territories of Canada, province of British Columbia. The island is in length, in width at its widest point, and in total area, while are o ...
, Canada. The company's Crossville mine had discontinued operation by 2007, and the company closed the Quinsam mine in 2016 due to economic pressure, firing 66 people in the process. 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 Vulcan Capital Management, Inc (which is a different and unrelated entity to Vulcan Capital or Vulcan Inc., two companies founded by Paul Allen.) is a private equity firm focusing on investments in distressed restructurings, acquisitions, growth ...
. However, effective December 21, 2009, Vitol Anker International B.V. of the Vitol Group acquired Hillsborough Resources Limited for $0.50 per share, plus inheriting all its debt.


References

{{reflist Companies formerly listed on the Toronto Stock Exchange Mining companies of Canada