Elk Falls Workers

Campbell River B.C.

Court approves sale of Elk Falls site….

On Aug 28th the courts approved the sale of the Elk Falls mill site land and assets to Pacific Deep Sea Terminals. The closing date of the sale to Pacifica has been pushed back to September 19th so that Schnitzer Steel has more time to wind up the salvage they are currently doing and get off site.

Interestingly, the #5 Paper machine assets that are still there are excluded from the sale,(the amchine – not the building) and the entire Kraftmill (limeplant, recaust, recovery, TG, Digesters and washers) is listed as excepted from the deal, meaning that if Catalyst can sell it, they will split the proceeds with the new owners.

The sales agreement is online: anyone interested in reading it can ClicK Here

August 29, 2012 Posted by | General | Leave a comment