With 260 jobs at risk, receiver appointed to stave off Canada Fluorspar bankruptcy
CBC
The future of a major employer on the Burin Peninsula is in doubt, as creditors are scrambling to keep Canada Fluorspar from shutting down.
The company's mining operation in St. Lawrence employs 260 people, who are at risk of losing their jobs.
There are provincial tax dollars at stake as well. In 2017, the government issued a $17-million repayable loan to Canada Fluorspar that matures at the end of this year.
Newfoundland and Labrador Chief Justice Raymond Whalen issued an order Tuesday appointing an interim receiver for Canada Fluorspar.
According to court documents, that interim receiver will keep the operation funded while options are pursued to restructure the company and avoid a bankruptcy.
Canada Fluorspar did not respond to requests for comment Tuesday.
In a statement, Industry Minister Andrew Parsons said the province will offer support to affected employees. Parsons said officials are in contact with all relevant parties, including discussions with the company and receiver.
Read more from CBC Newfoundland and Labrador
Prime Minister Justin Trudeau issued a farewell message to Canadians Thursday as he marks his last full day in office.
The Association of Yukon Fire Chiefs says about 80 per cent of volunteer firefighters in the territory are wearing expired protective equipment, putting them in danger and in violation of occupational health and safety regulations when they respond to emergencies.
Environment Minister Steven Guilbeault will be given a new portfolio in Mark Carney's cabinet, a source with knowledge of the decision told Radio-Canada.
The Alberta government has suspended a loan program at Picture Butte Feeder Cooperative, the province's largest cattle financing cooperative, after an inspection alleged a number of financial mismanagement and regulatory issues.
If you look up at the sky late, late Thursday in the Toronto area, there's a chance you'll be able to see a total lunar eclipse and what's called a blood moon.
When wintertime calls, go where it's warm.
Colby Leamon had lost a close family member, and was looking for a dog to provide emotional support.
The cost of a 24-pack of beer could increase $3 to $5 because of 25 per cent tariffs on aluminum exported to the United States, according to a craft brewery in northern Ontario.
Fire tore through a seafood processing plant in Cape John, N.S., on Wednesday night.
Another of New Brunswick's new municipal councils has become embroiled in drama and bitter conflict.
Tardiness is nothing new at Via Rail, but late arrivals are reaching historic levels in a key corridor since passenger trains have been forced to slow down at hundreds of rail crossings operated by CN Rail.
Walmart Canada will stop selling machetes — a type of weapon frequently used in violent crimes — in stores across the country, after Manitoba's government pressured the retailer to restrict online sales.
The parents of two 15-year-old girls at Evan Hardy Collegiate in Saskatoon say they went to police and the school multiple times between June and August 2024 with concerns about escalating online threats from the student now accused of setting one of the girls on fire in a school hallway.