Hillsborough Resources Limited was a privately-held

coal mining Coal mining is the process of resource extraction, extracting coal from the ground or from a mine. Coal is valued for its Energy value of coal, energy content and since the 1880s has been widely used to Electricity generation, generate electr ...

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 cit ...

, 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 a type of fossi ...

mine near

Campbell River, British Columbia Campbell River is a city in the Sayward Land District of British Columbia, Canada, 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 ship ...

from 1987, serving the local and west-coast United States cement industry, and the Crossville underground coal mine in

Tennessee Tennessee (, ), officially the State of Tennessee, is a landlocked U.S. state, state in the Southeastern United States, Southeastern region of the United States. It borders Kentucky to the north, Virginia to the northeast, North Carolina t ...

, 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, th ...

. 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 province of British Columbia. The island is in length, in width at its widest point, and in total area, while are of land. The island is the largest ...

, 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 was founded in May 1997 by Ford Graham and Kevin Davis (and is a different and unrelated entity to Vulcan Capital or Vulcan Inc., two companies founded by Paul Allen.). It is a private equity firm focusing on invest ...

. However, effective December 21, 2009, Vitol Anker International B.V. of the Vitol Group

acquired ''Acquired'' is a podcast by Ben Gilbert and David Rosenthal about business history and strategy. As of 2024, the podcast has more than 600,000 monthly listeners. History Gilbert and Rosenthal worked together at Madrona Venture Group and ini ...

Hillsborough Resources Limited for $0.50 per share, inheriting all its debt.

References

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