Nova Scotia government assessing assets of shuttered South Shore paper mill

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HALIFAX - Nova Scotia Premier Darrell Dexter says the province is negotiating for the assets of the shuttered paper mill in Brooklyn.

Dexter says the main goal is to acquire 222,000 hectares of timberlands belonging to the mill's owner, Montreal-based Resolute Forest Products Inc. (TSX:RFP).

Dexter says the government wants to prevent the scenario where a foreign buyer would purchase the lands and process the timber outside of the province.

He says the province wants to ensure that the land can be used to support a viable forestry industry in the future.

Dexter says the government is working with the company to assess other assets with the exception of the company's sawmill because purchasing that operation could violate the Canada-U.S. Softwood Lumber Agreement.

The assets on the table also include the paper mill and Brooklyn Power Corp., a power generation plant.

Organizations: Resolute Forest Products, TSX, Brooklyn Power

Geographic location: Nova Scotia, South Shore, Brooklyn Canada U.S.

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