This year is expected to be a "breakout year" for the Mount Milligan gold and copper mine near Mackenzie, says an official at Terrane Metals.
During a Thursday presentation to the Fraser-Fort George Regional District board, Glen Wonders said the Milligan site, unlike most mines in B.C., does not pose infrastructure challenges. It's accessible via Fort St. James and Mackenzie with low-cost power nearby
---- PG Citizen
Friday, February 22, 2008
Thursday, February 14, 2008
"Fire Sale" Describes Price For Pope & Talbot Mill
The $6 million price revealed for the sale of P&T's mill in the Fort has been described as a 'Fire Sale' in the PG Citizen. Talk persists around town that a bid by a local consortium was over 4 times that price.
Is $6 million the price realized after debts or the total price? That seems to be a fair question that has not been clarified.
There are now many questions to be answered. A suggestion that it may be run at a loss to provide wood chips and a writeoff for the pulp mill in Mackenzie is made in the Citizen article.
But at such a low value, an asset stripping could be viable as well that would see the land and equipment sold off and the wood trucked direct to Mackenzie. The town must stand united to make sure that doesn't happen!
---PG Citizen article
Is $6 million the price realized after debts or the total price? That seems to be a fair question that has not been clarified.
There are now many questions to be answered. A suggestion that it may be run at a loss to provide wood chips and a writeoff for the pulp mill in Mackenzie is made in the Citizen article.
But at such a low value, an asset stripping could be viable as well that would see the land and equipment sold off and the wood trucked direct to Mackenzie. The town must stand united to make sure that doesn't happen!
---PG Citizen article
Tuesday, February 12, 2008
Boxing Day Sawmill Sale!
You'd think Sinar Mas was lined up at 6 a.m. on Boxing Day when the sale prices of two sawmills were disclosed. The Fort St. James mill was grabbed for $6 million, about a quarter of the amount making the rounds in the local rumour mill.
Nothing will happen until the sale is approved by US and Canadian bankruptcy courts, so here's to another three months of hurry up and wait.
--from opinion250.com
Nothing will happen until the sale is approved by US and Canadian bankruptcy courts, so here's to another three months of hurry up and wait.
--from opinion250.com
Wednesday, February 6, 2008
Sinar Mas Gets P&T Sawmill
This post has been delayed as I was trying to get some confirmed details in writing, but it's pretty much known that the Pope & Talbot sawmill in Fort St. James will be in foreign hands as they (Sinar Mas) were the successful bidder.
Sinar Mas is the Indonesian owner of Asia Pulp and Paper. It also has holdings in finance, agricultural chemicals, food and properties.
They also purchased the pulp mill in Mackenzie, the Harmac mill in Vancouver and a mill in Oregon.
Will workers get spicy satays with peanut sauce instead of turkey certificates next Christmas? Time will tell....
-from opinion250.com
Sinar Mas is the Indonesian owner of Asia Pulp and Paper. It also has holdings in finance, agricultural chemicals, food and properties.
They also purchased the pulp mill in Mackenzie, the Harmac mill in Vancouver and a mill in Oregon.
Will workers get spicy satays with peanut sauce instead of turkey certificates next Christmas? Time will tell....
-from opinion250.com
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