N.S. in talks with Northern Pulp about repayment of outstanding loans
By P&PC Staff
By P&PC Staff
Representatives from the closed Northern Pulp mill are in discussions with the government of Nova Scotia about an outstanding $84.9 million in loans owed to the province.
According to The Canadian Press, Nova Scotia premier Stephen McNeil says the talks are about how the mill will repay the loans – two to the mill and another to an affiliated company, all made by previous governments – as well as a repayment schedule and interest.
Paper Excellence closed Northern Pulp on Jan. 31 to comply with the province’s legislated deadline for the mill to stop depositing its effluent into the waters of Boat Harbour adjacent to Pictou Landing First Nation.
A small number of the mill’s 300 workers remain at the mill to complete a winterization process that will last through April, at which point the effluent pipe will be cleaned and capped.
Paper Excellence has stated it will continue with a plan for a new effluent treatment facility and is currently reviewing the draft terms of reference for a new environmental assessment report. The company has also asked for a judicial review of the province’s decision to have it submit that new report.
Read the full story about the loans on our partner site Manufacturing AUTOMATION.