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Sydney Steel Corporation
Business Plan


Sydney Steel Corporation Business Plan 2005-06 (continued)

Performance in Prior Year
This section outlines stated goals and corresponding results for each of the Corporations’ six core business areas, as per their 2004-2005 business plan.


  • Stated Goal – Demolition to be 80 per cent to 90 per cent completed by March 2005.
  • Result – Despite several delays by Zoom Developers, demolition is approximately 95 per cent complete.
  • Stated Goal – Remaining structures will be assessed for their ultimate removal or re-use in the new site redevelopment plan.
  • Result – Structures have either been demolished, scheduled to be demolished, or slated for development for re-use.
Local Labor and Supplies
  • Stated Goal – Maximize use of local labor for Sysco projects.
  • Result – Over 310,000 of person hours used in 2004-2005
  • Stated Goal – Continue practice of using local supplies and services whenever possible and feasible.
  • Result - $3 million in local supplies and labor have been sourced for the year ending March 31, 2005.

Liquidation of Major Equipment, Scrap, and Slag

  • Stated Goal – Remove Electric Arc Furnace in 2004.
  • Result – Electric Arc Furnace was removed in November, 2004.
  • Stated Goal – Harvest scrap metal for future sale.
  • Result – Approximately $948,000 in scrap sales was totaled for fiscal 2004-05. Approximately 26,000 tonnes remain with an approximate value of $6 Million based on current market conditions.
  • Stated Goal – Reach slag sales for 2004-05 of more than 100,000 tonnes.
  • Result – Final sales will be approximately 50,000 tonnes. We have commissioned two studies to test value-added alternatives for slag in order to increase sales. Potential applications are in septic bed use and in the making of cement and concrete.

Site Redevelopment

  • Stated Goal – Re-open the West Bridge by November 2004.
  • Result – Bridge opened in November 2004.
  • Stated Goal – Complete new access road (Spar Road) to Whitney Pier and Sysco Site.
  • Result – Road opened in January 2005.
  • Stated Goal – Complete plans for the greening project for the area adjacent to Sysco site and the Sydney Ports Access Road.
  • Result – With consultation with the community, the Whitney Pier Historical Society acted as co-ordinator and determined that developing a walking trail on this area would be the best approach. The Corporations have assisted the society with the creation of a plan for its implementation.

Environmental Remediation

  • Stated Goal – Develop an environmental management plan (EMP) for the High Dump area.
  • Result – Complete.
  • Stated Goal – Develop an EMP for the Blast Furnace and Stock Yard area.
  • Result – Complete.
  • Stated Goal – Complete environmental site assessments on area adjacent to Victoria Road overpass.
  • Result – Phase II and Phase III work is complete.
  • Stated Goal – Complete environmental site assessments on administration building area.
  • Result – Phase II and phase III work is complete.

Additional Plans

  • Stated Goal – Conduct cleaning and demolition of the two remaining 2.5 million gallon oil tanks.
  • Result – Both tanks have been cleaned and demolished.
  • Stated Goal – Remove and dispose of an estimated 50,000 kg of PCB’s.
  • Result – Complete.
  • Stated Goal – Remove and clean 2km of old oil and tar lines.
  • Result – 2 km removed and cleaned.
  • Stated Goal – Remove and dispose of remaining asbestos.
  • Result – Complete.


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