CALGARY, ALBERTA--(Marketwire - Nov. 15, 2010) - Black Diamond Group Limited ("Black Diamond" or "the Company") (TSX:BDI), a leading provider of modular accommodation and energy services in North America, is pleased to announce it has secured the construction and long-term rental contract for the first phase of an upscale remote workforce housing project located in north central British Columbia. Construction on this 220-bed project is slated to begin in late November, 2010 and the camp will be fully operational by January, 2011. The project, valued at $11 million, is located approximately 155 km northwest of Prince George, B.C. and is the first of three potential phases that will provide premier housing for a Canadian mineral development and exploration company in the area.
The capital expenditure for the first phase of this project falls within the Company's announced $40 million of capex for 2011.
About Black Diamond
Founded in 2003, Alberta-based Black Diamond Group Limited is a leading provider of temporary and permanent modular building and energy services products. Through its wholly-owned subsidiaries, Black Diamond Limited Partnership, Nortex Modular Leasing and Construction Company and through its 50% equity participation in the Black Diamond Dene Limited Partnership and Black Diamond West Moberly Limited Partnership, Black Diamond operates three complementary divisions in thirteen strategic locations across Canada and USA.
Black Diamond Camps and Logistics rents and sells remote workforce housing and provides associated services; BOXX Modular specializes in renting or selling a broad range of modular work space solutions and Black Diamond Energy Services rents and sells a full complement of oilfield equipment and services. Black Diamond provides world-class services to a full spectrum of industries including oil, gas, mining, power, construction, engineering, military, government and education.
