Phosphate in town's future.In a town with a population of 6,000, of which 55 per cent work for the forest industry either directly or indirectly, the mood among residents and businesses is tense. Many wonder how long the giant forestry product companies can hold on while softwood lumber tariffs and the high dollar beat down production. Stephane Plamondon, economic development officer for Hearst through Nord-Aski Regional Economic Development Corp., says so far "companies are managing to keep all the jobs there, but I don't know Don't know (DK, DKed) "Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. for how long they are able to keep holding on." Gord Wilson, general manager for Tembec Inc. in Hearst and Kapuskasing, says times for the lumber company are "extremely tough". "It is not how much you make these days, it's how little you loose," Wilson says. No company in forestry right now is running in the black, Wilson says. Even though housing starts are at record levels in both United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada, the forestry market continues to be oversupplied, so prices are depressed. To add to the misery, the Canadian dollar Noun 1. Canadian dollar - the basic unit of money in Canada; "the Canadian dollar has the image of loon on one side of the coin" loonie dollar - the basic monetary unit in many countries; equal to 100 cents is increasing in value and duty fees are demanded and paid every month. Canadian companies This is a list of companies from Canada.
Directory: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Current Companies selling softwood lumber to the U.S. have to set aside money for the 27 per cent tariff that was slapped onto Canadian softwood lumber. "For Tembec, it is $110 million that's deposited for payment of duties," Wilson says. The money remains in a trust account until the dispute is resolved, but according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. sources, Tembec is not prepared to turn any of that money over to the states. Tembec in Hearst and Kapaskasing is relatively safe since products like newsprint and pulp are still in demand, he says. "Their profitability can off set our losses," Wilson says. "If you look at it from an integrated point it's sustainable, but we can't continue to lose a million a month forever, and although it's not there yet. Between the duty and the Candian dollar it's killing us. We are not losing great gobs of money, but it's cash going out the door," Wilson cautions. "Suffice is to say that spruce pine and fir mills are not running in the black." [ILLUSTRATION OMITTED] In spite of softwood conditions, Plamondon says the cedar-shingle mill in Mattice has an interested American buyer who would put approximately 20 people back on the job. There are a few health and safety issues to address and legal policies to abide by To stand to; to adhere; to maintain. See also: Abide , but Plamondon is quite optimistic. If all goes well, the mill should be in operation by February 2004. Constance Lake First Nation community is also contributing to economic development of the region with a project called Eagle's Earth Cree and Ojibway Historical Centre. Elizabeth Moore, chair of the historical centre, has identified two possible sites for the $13-million centre on the Skekak River; one that is 1,000 years old and the other 7,000 years old. The project includes a restaurant with Aboriginal and Canadian cuisine, an art gallery, museum convenient store and a conference room with meeting rooms are housed under the centre. As well, 20 cabins, 20 recreational vehicle and teepee sites. Construction is expected to start in April. Backing the project is the Ministry of Natural Resources. The Ministry of Northern Development and Mines, the Aboriginal business community, Indian Affairs and Northern Development and FedNor are supporting the centre with financial contributions,. Another development in the making is the largest phosphate mineral body in Canada, located 71 kilometres north of Hearst. Constance Lake First Nation has negotiated an interest and Don McKinnon Donald Charles McKinnon, PC, (born February 27, 1939) is a former Deputy Prime Minister and Minister of Foreign Affairs of New Zealand. He is currently Secretary-General of the Commonwealth of Nations. Early life McKinnon was born in London. , a major shareholder in both MCK MCK McKinsey & Company (consulting firm) MCK Mohawk Council of Kahnawake (Quebec) MCK Mon Colle Knights (children's TV show) MCK Mirror Classes Kit MCK Maintenance Check Mining Corp. and Baltic Resources Inc., bought the property and has since been trying for years to find a suitor SUITOR. One who is a party to a suit or action in court. One who is a party to an action. In its ancient sense, suitor meant one Who was bound to attend the county court, also, one who formed part of the secta. (q.v.) (s) to develop the Martison phosphate deposit. The proven reserve for the site is 30 years. "We have 30 million tons (of ore) blocked out, and we have 20 million tons of niobium niobium (nīō`bēəm), metallic chemical element; symbol Nb; at. no. 41; at. wt. 92.9064; m.p. about 2,468°C;; b.p. 4,742°C;; sp. gr. 8.57 at 20°C;; valence +2, +3, +4, or +5. , which sells for $6.50 a pound," McKinnon adds. Chief Arthur Moore Arthur Moore could refer to:
"We came a long way between MCK and the First Nations whereby we would sit down and discuss certain issues with the major potential developers, and that is what we are doing now." RELATED ARTICLE: Hearst Population 5,825 Top employer Columbia Forest Products Columbia Forest Products is the largest manufacturer of hardwood veneer, hardwood plywood and laminated products in the United States. Founded in 1957, it is headquartered in Portland, Oregon. Top five private employers Columbia Forest Products, Tembec, Lecours Lumber Co. Ltd., Villeneuve Construction Co. Ltd., Companion Hotel/Motel Area size of community 98.67 square kilometres Commercial real estate market conditions Poor Industrial park(s) Fully serviced, zoned M1, with road access and rail access Land values n/p Real estate market n/p By KELLY LOUISEIZE Northern Ontario Business Northern Ontario Business is a Canadian magazine, which publishes monthly in Greater Sudbury, Ontario. The magazine covers business news and issues in Northern Ontario. |
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