Wednesday, December 17, 2008

Newfounland Drops The Hammer

Closing a mill and planning to get rich selling your timber rights? Don't try it in Newfoundland & Labrador where their government has decided thou shalt not profit from creating ghost towns.
Abitibi-Bowater is about to have it's timber rights and hydro-electric rights expropriated for not living up to it's commitments closing down a pulp mill!
--- link to story
Take note BC, with an election coming next year will this be added to a Party platform?

Tuesday, December 9, 2008

FSJ Curse Continues

One of the biggest drawbacks to living in the Fort is The Drag... an ongoing curse where nothing, absolutely nothing ever gets resolved, completed, or comes to a conclusion in a timely manner. It just goes on and on and on, forever.
Witness Mt. Milligan. The mine that's been about to open for the whole 20 years I've lived here.
Now, the latest is that they're a victim of economic times, They can't borrow money, just like any other business.
Victims of the financial crisis that doesn't exist here according to our Glorious Leader in Ottawa. You know, the one with the Mr. Dreesup fuzzy sweater who says we're in great shape and spends more time playing partisan games and fomenting Parliamentary crises...
The latest 'opening date' is now moved into Spring 2010. Any Investment here will be on hold for another year.

http://tinyurl.com/6sa8z9