A2~-The Terrace Standard, Wecnesiey October 20, 2004

2ulp union wades in with effort to rescue Skeena |

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oe By JEFF NAGEL mt 1992, The. parallels to Skeena are. strike approach both i investors that have looked! : weekly visit with a ‘special client. Why not. come into: a THE PULP. WORKERS union in Prince. ing, he Says.° : atNew Skeena befort, as” swell as possible of - Images: and let me hamper: you throughout. the wet and. -, Rupert is trying to help-arrange a pur- - “Tn both cases all the: experts and the: : new participants, . | . snow season to. come 7. ri chase of New Skeena Forest- Products. - investment. community’ had“written, off Along with that,-he said, lie wants to | i nee

The Pulp. Paper. and: Woodivorkers the: Operations,” he said. “That was the» see union and. municipal officials get to ‘. of. Canada. has hired Waterstied Capital case” at ‘Algoma. and that's: the: case at. : gether and look. for new-ways to make the a. ~~ Partnets to-assist the union with what-it~- New Skeena.” "2. :. cCOMpany.a more attractive investment, \~:.- “calls. the “financing of @ potential soqula 2 “We were able. with a ‘Very. aetive MAL this point T ‘would-encourage ev- ‘ tion” ‘of the operations...) union and community. and ‘With’a mane eryone to think of theatiempt being made ee ~ - *., But Mauriée- Thibeault = the. ‘man’ agement’ who formed: a. true: ‘partriership.” not to: ‘resurrect something, that is gone, a leading the éffort wiith Watershed: ‘Caps With labour, we were: ‘able lo save thal * but to create something thatis newv,”.Thi-. “ “tal = told the Standard the union effort is -- company aiid today-it's a Breat success: ° - beault said. “What, once existed i is: dead, 7 : more ‘geared to- finding other ‘investment. But Thibeault: played down the possi- oo -lt's gonew™s. on - partners, rather than.a direct Purchase by bility’ union-led success here. =. + He said the pewe initiative is Tooke the PPWC: .-"; “°F don’t think we, want to at this point” ing at the entire operalions:as a unit right. | “T don't think ‘they have ‘aly. mone ye “get the community. overly excited,” hé - now; but said that could evalve.into look- -he said, “We're: working on their: behalf _ said. -“It’s: something we're working at ing at pices or fragments depending on: . to put something together that’ s altractive: ‘but i's. going to bea difficult process." how the’ receivershi p proceeds, - _ _ te aninvestor.: anaes “Everybody: Up there :i is continually ~The sawmilland the forest Nieendes. , Thibeault ‘is.a veteran of similar. re-" disappointed," "he added; ‘I ‘don’ Uvant, to are: considered: ‘by. SOME. observers: to : siructurings’ . =. particularly’. the: rescue’. add to that litany.” ed * have bs better’ hance: fF selling han the . of Algoma Steel i in Sault. Ste. ‘Marie ins: Patt of the strategy, ‘he’ ‘said, ‘will bet opulp: :

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4718-B Lazelle Avenue, | Terrace - * 635-4997 _

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year ona two ‘shift: ‘basis. “* ~ second-growth timber, Which: -Thereare conflicting ¢ opin-": ‘ing 35 percent. of. timber cut: [Rea significant. lack of . attention to the Construction, Terrace. The company’s land held “it says is projected to become” ions as to whether it would ~ in the region to. be exported. AB highway when. used while driving: BEE vit aca Highway & Bridge Maitetance Conastor Te fi di h a iv h ble She bl he. Th Saar di Please pull ‘Over and complete your.) Phi. 250 638-188! ings in Terrace include. the. increasingly harvesta eover be. possible to, preserve. the’. e-company was placed: *. communications, ‘or £6" deal ‘with other H Ph: (250)

-129-acre mill site plus a og “the. ‘next -five »to!-10 ‘years, tax: losses in. -bankruptey ‘and-- int receivership Sept. 20 after: | acre soit: yard, aa providing 35‘per. cent of- the’. “pass t ‘them.on toa new owner. New Skeena’s owners failed... Also’ described. are “the: company’s. limber consump- Ua. : Prospect that’ would’ be,’ to ‘reach -a deal with ‘New

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company’s. forest: : licences , tion: by 2015, we an a major.carrot in ‘enticing. a. York-vulture fund Matlin Pat-. ae - "= which have-an‘ allowable ~~. ° The: majotity. of logging - buyer aboard. “erson. ‘That. effort :followed on eee “annual cut of more than’ LS. Toads have already been con-™.. ‘Acthercoisiceaiont ‘the.collapse of a previous at-. | oe oe “INTRODUCING OUR

million cubic metres. -strucied aad will: require only’ receiver. says in the circular, -. temiptto sitikea deal with, the : «Then there's: ihe -approxi- “mininial investment to reacts the cabine! approval allow. J Weodbrite Co. ~ mately’ 3.3 million cubic me. “vate: ‘them,” ifsays. ose 0.2 oo. : . tres “of undercut’ ‘limber: that’ - Also highlighted are: the - "has not been logged in in recent : tax losses rung up by. ‘Skeena. From front -

years... - Cellulose;-which could.be « : ff - Coe The. document says .* used bya hew: buyerto offset’ ~ Gitanyow deal cle ose’ ; NEW FLEXIBLE co could. be’ re-awarded by: the.” > future. laxes. They're listed » Harris says there have been fepealed meetings with the Git- 7 ‘NO oy . -POINTS®: meee government — under: certain’ as. S120: rulion, ot ar ose anyow and he remains optirnistic-an agreement is possible. °. U ING I PLAT ee circumstances, ioe." CalTy Torwards an mil-, -..”“We have.been meeting ‘with them alot and have been look- N I - RP AIP oo : li jon Sea ine =a i of unutilized capital cc cost -ing-at-other styles of: forestry Agreements that might provide co ae Ne _ el ts, Skeena’s- hi aval ity a OWANCE,! - stability,” he said. “I'd like to think we're pretty.close.” «| 7 : : - “He'said ‘forest’ and-range agreements} have now heeri signed” [=~ FREE REGISTRATION, J OIN: NOW. with at leasi-66 B.C. aboriginal groups. He said that shows the. } 9. | aes ONLY .$14,00 — SAVE $30. 00" a “province has acted. in’ good faith and: overcome initial skepti- on rn Q 1-800: 682 8011. _WEIGHTWATCHERS. CAL :_-cism and concer from native’ leaders. that: the deals Would act. a 7 rn ~ Governor: General ‘Adrienne. Clarkson as. ‘being. greeted by: “as.a precedent limiting future. (realy. benefits. _ fg . Warrant Officer: Devin. “Wall of. the 747 Unicorn Air Cadet “These are strictly economic agreements,” Hartis added: enn ae Squadron. In. fact, Warrant Officer Wall is With th 1867 He said-the Gitanyow, along -wilh ‘the Haida, are thé only. |”

~ ~-proups: in.the- northwest that have. not: “yet signed: or indicate “2 : their intention to sign a forestry agreement: - “ ~The: naine. of the writer ofa Tetter to. the: editor pilblished - ~~"Haris said he’s: unaware of the’ Gitariyow: warning’ hurtin > ‘in our Oct.'13 edition (“Time for excuses is over: if‘ pulp mill” the effort 16 market timber rights in-the' region, “I’ve had ho one”)

is to be saved"): was in tell me. they” re not bidding: because of thé ad,” he said. “But 1- essere of Pd rince:Rt no would bi be naive ic sty ledoeéa t hive roplécatoshiet” FA

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