Who owns Orca Sand and Gravel Limited Partnership

Orca Sand and Gravel Limited Partnership - Profile

Orca Sand and Gravel operates the Orca Quarry, a construction aggregates mine on the northeast coast of Vancouver Island just west of Port McNeill, British Columbia. The deposit covers roughly 350 hectares and holds reserves of about 121 million tonnes, enough for an expected operating life of more than 25 years, and the site can produce in excess of 6 million tonnes of sand and gravel a year. Commercial production began in early 2007. Because the quarry sits on tidewater with its own deep water port, output is loaded directly onto ships and barges and sold into markets that lack local aggregate: California, Hawaii and Vancouver, supplying concrete producers for residential, commercial and infrastructure work. The partnership was structured with the 'Namgis First Nation as an equity partner alongside quarry developer Polaris Minerals, under a cooperation and impact benefits agreement that also set a local hiring target.

The disclosed stakes

One row per position. Where a holder reports the same company in two share classes, both rows are shown rather than summed, because the class is part of a position's identity.

Where each figure comes from

A private stake has no ownership form behind it, so the source is always the holder's own filing or disclosure. Anything modelled says so, with the arithmetic.

• Vulcan Materials Company. Written here as 88, not 0.88. This is a forward holding, not a reverse one: Vulcan owns 88% of, and CONSOLIDATES, the Orca partnership, formed to develop the Orca quarry in British Columbia, Canada. The remaining 12% is held by the Namgis First Nation as a genuine third-party partner (a named, described counterparty), and appears on Vulcan's own balance sheet only as the accounting mirror, the $23.8-23.9 million noncontrolling interest line; that NCI balance is what makes Orca not wholly owned, and is why it qualifies as a holding, not what disqualifies it. Matches the Nucor-Yamato/NXP-SSMC/Coherent-Silicon Carbide precedent: consolidated is not the same as wholly owned. Exhibit 21 also separately lists 'Orca Sand & Gravel Ltd.' (the general-partner corporate entity for the same British Columbia venture) at the identical 88%; treated here as the same underlying 88%/12% Orca venture rather than a second, additive holding, to avoid double-counting one economic interest as two. No individual carrying value is disclosed for Vulcan's 88% interest itself: the $23.8-23.9 million consolidated noncontrolling-interest balance is a COMBINED figure covering every less-than-wholly-owned Vulcan subsidiary (Orca, BHM Hangar, Southwest Gulf Railroad, North Field Extension, Terra Bagnata, per Exhibit 21), not split by entity anywhere in the 10-K or 10-Q, so per the combined-balance rule value_usd stays null here rather than being apportioned. sourcesource 2