NS: Province extends fund for shuttered NewPage mill

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By The Canadian Press

Premier Darrell Dexter says the fund, which was announced last September, has kept hundreds of people working in Cape Breton.

Premier Darrell Dexter, seen in this file photo, announced today that a fund designed to help keep the mill's woodlands operation intact will be extended until the end of September.

[PORT HAWKESBURY, NS] — The Nova Scotia government is extending a plan to keep the shuttered NewPage Port Hawkesbury paper mill in a state of readiness as a buyer tries to finalize a sale of the operation.

Premier Darrell Dexter announced today that a fund designed to help keep the mill's woodlands operation intact will be extended until the end of September.

Dexter says the fund, which was announced last September as the mill was closed, has kept hundreds of people working in Cape Breton.

He says negotiations to finalize a sale have taken longer than he hoped, but he is optimistic a deal will be done.

Pacific West Commercial Corp. has proposed to buy the mill, which employed about 1,000 people before it shut down.

*Editor's Note: To find out the latest news about Pacific West Commercial Corp. and its quest to buy the mill, check out this link: http://www.ns.dailybusinessbuzz.ca/Provincial-News/2012-03-16/article-2929054/NS%3A-Potential-NewPage-mill-buyer-seeks-reduced-power-rates/1

Organizations: West Commercial

Geographic location: Nova Scotia, HAWKESBURY, Cape Breton.He

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