Friday, August 17, 2012

Port Hawkesbury Paper; Conference Call & More News


 Transcript to Port Hawkesbury Paper conference call:
Challenge of securing fiber:
As obstacles standing in the way of restarting the former NewPage Port Hawkesbury paper mill in Cape Breton are knocked down, one remains quietly under the radar.
Creditors of the NewPage mill voted overwhelmingly in support Wednesday of selling the Point Tupper facility to Pacific West Commercial Corp.
The positive vote leaves just two high-profile conditions that must be met before reopening the paper mill — an advanced tax ruling and a discounted power rate.
But a critical fibre agreement between the province and Pacific West, an affiliate of Stern Partners Inc. of Vancouver, remains unresolved.