Operations & Management
Northern Pulp files CCCA hearing materials with the court
By P&PC Staff
By P&PC Staff
Northern Pulp recently filed its CCAA materials with the court ahead of its April 29 hearing. Over the past six months, the mill has made progress toward its goal of operating a transformed mill. The mill has requested a six-month extension to advance the environmental assessment and settlement discussions with the province and get it closer to operations.
The mill requested to continue providing retiree benefits and honouring its employee and retiree obligations. In a statement released by the company, it said that the Province refuses to allow it to use our funding to make special top-up pension payments. As per its loan requirements, the special pension payments can only be made if there is progress on settlement discussions acceptable to the lenders. Northern Pulp explained that it will continue to work to advance settlement discussions and satisfy the requirements to make the special pension payments.
Northern Pulp also noted that it wants a fair, clear environmental assessment process and for the province to live up to its obligations.
Nova Scotia has filed an application seeking leave to appeal the mediation order. Northern Pulp plans to object to the province’s request for leave to appeal the mediation order and encourage it to participate in good faith in the mediation as they are required to do.