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Gardiner Dam Terminal Declares Return on Capital
STRONGFIELD, SASKATCHEWAN – Gardiner Dam Terminal Ltd. (GDT Ltd.), a co-venturer with Viterra Inc. in Gardiner Dam Terminal Joint Venture (“GDT JV”), has announced an eighth consecutive dividend to shareholders. The $11.00 per share will be paid as a return of capital to both A and B shareholders for the 12-month period ending October 31, 2011.
Continued growth in purchases and sales within both the grain-handling and crop input business segments of GDT JV led to a new record net income and another strong return of capital to shareholders.
“Developing long-term relationships with customers remains central to our success as we seek to meet customers’ needs while maximizing operational efficiencies and shareholder value” says Shawn Graham, General Manager of GDT JV.
About Gardiner Dam Terminal Ltd.
Gardiner Dam Terminal Ltd. is a producer-owned company that has entered into a joint venture agreement with Viterra Inc. to jointly own and operate an inland grain terminal located near Strongfield, Saskatchewan and crop input supply businesses near Broderick, Saskatchewan and Tullis, Saskatchewan.
Gardiner Dam Terminal Ltd. is a reporting issuer in Saskatchewan only and its shares are not posted or listed for trading on any recognized stock exchange. Gardiner Dam Terminal Ltd. utilizes a web-based share trading mechanism found on its website at www.gdterminal.com.
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Prairie West Terminal Announces New CEO
The Board of Directors of Prairie West Terminal Ltd. (PWT) are pleased to announce that Chad Campbell is the new Chief Executive Officer of PWT effective Jan, 2012.
Chad Campbell was selected as the Chief Executive Officer, following a search conducted by a committee of the Board of Directors with the assistance of a human resources consultant which was initiated in August 2011. Chad Campbell was previously employed as General Manager, of another independent grain terminal, (Great Sandhills Terminal).
Chad Campbell was preceded by Andrew Travers, who served as the Chief Executive Officer until the end of October, 2011. Charlene Bradley acted as interim Chief Executive Officer for PWT, following the departure of Mr. Travers and until the appointment of Mr. Campbell.
PWT is a locally owned and operated grain company, with its head office located between the villages of Dodsland and Plenty, Saskatchewan. PWT operates locations in Plenty, Dodsland, Luseland and Kindersley.
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GPHH L.P. Sanctions Final Project toward Completion of a Patented Integrated bioRefinery™ in the Fall of 2012
Hairy Hill, AB -- Growing Power Hairy Hill L.P. (“GPHH”) has defied the odds and the current global economic malaise. GPHH is now constructing the final module of its visionary Integrated bioRefinery™. This last project is a long-planned ethanol plant to be built adjacent to the earlier-announced (March, 2010) bioGas facility expansion.
Upon completion, the Integrated bioRefinery™ at Hairy Hill, Alberta, Canada will be the world’s largest such facility, and its output is expected to be the lowest-“carbon footprint” ethanol in the world. The overall capital asset will be a $100+ million facility producing ultra-low carbon fuel ethanol, high quality cattle feed, bioFertilizer (pathogen, weed & disease-free), and green energy (from both agricultural and municipal organic waste).
GPHH’s fuel ethanol will easily exceed the most stringent LCA thresholds, such as California's proposed Low Carbon Fuel Standard or LCFS, as well as emerging European limits on carbon content for liquid fuel. In certain jurisdictions (e.g. USA), this production method would even lead to the highly coveted, highly valuable Advanced BioFuel designation. This is a great achievement given that there is no technology risk because it is creatively combining—in a patented manner—older, proven technologies.
Starting approximately August of 2012, GPHH will be buying 110,000 metric tonnes of grain from local area farmers each and every year. If there is a future expansion of the plant, this number could rise. As well, GPHH will remain open to taking municipal organic waste or byproducts of other processes into its energy-creation process in exchange for a tipping fee. Examples of waste other than feedlot manure are glycerin from the making of biodiesel, or slaughter waste, or beverage manufacturing byproducts, or the contents of municipal green boxes being diverted away from landfills.
Construction now underway
Shane V Chrapko, CEO of Growing Power Hairy Hill L.P., indicates “The global economy has become even worse than it was when we expanded the bioGas ‘half’ of the plant in 2009/10. It’s not just household name finance and auto companies that are going bankrupt and disappearing. Now you see large sovereign Western nations—starting with the USA—actually getting their credit ratings downgraded or facing de facto expulsion from their currency union (namely, the Eurozone crisis).”
Chrapko continues, “Our project was not immune to the storm. But we persisted on behalf of the investors who put their trust in us. The news is that we have found a way to get our vision constructed in its entirety. My partners and I are proud to say that we are putting even more people back to work in western Canada, again, and we are doing so at a crucial time for everyone. Needless to say, we are also proud to pioneer a next-generation approach to energy security and greenhouse gas reduction.”
General Manager Mike Kotelko adds, “Growing Power is now in position to give its producer investors the market that we promised them for their non-food grade starch crops. And we will do so at a premium price. Not only are we pleased to help diversify local farmers’ planting and selling options. But we are also immensely happy about diversifying the county of Two Hills No.21 micro-economy in terms of high skilled jobs…both during construction and in the upcoming, on-going, permanent operations for years and years to come.”
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The Inland Terminal Association of Canada is pleased to be included among the organizations represented on the newly established Crop Logistics Working Group. The Working Group was announced by Agriculture Minister Gerry Ritz at the ITAC annual convention on November 7.
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STRONGFIELD, SASKATCHEWAN – Gardiner Dam Terminal Ltd. (GDT Ltd.), a co-venturer with Viterra Inc. in Gardiner Dam Terminal Joint Venture ("GDT JV"), is pleased to announce the addition of a dry bulk fertilizer blending and storage facility.
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Westlock Terminals (NGC) Ltd. a new generation co-op founded in 2002, has agreed to become a shareholder in Calgary based GNP GRAIN SOURCE. Westlock Terminals is a 18,000MT grain terminal serviced by CN Rail with the ability to load 53 car unit trains and is located in the Town of Westlock at the crossroads of highway 44 and highway 18. The addition of Westlock Terminals into the GNP GRAIN SOURCE group will offer their shareholders the ability to have a larger presence in the Western Canadian Grain market.
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