Resolute FP Quebec Timber Deal

Resolute FP Quebec Timber Deal

Resolute Forest Products February 28 confirmed the signature of a framework agreement with the Quebec government and explained the measures found in the agreement. The agreement includes measures for renewal of water power leases for certain generating stations in Quebec’s Saguenay-Lac-Saint-Jean region as well as consolidation of some of the company’s Quebec facilities.
The framework agreement also provides for an increase in the timber supply guarantee for the La Doré and Saint-Félicien, QC, sawmills as part of the consolidation of Resolute’s sawmill operations in the Saguenay-Lac-Saint-Jean region as well as the grant of a 150,000 cubic metre volume of wood for the Aboriginal community of Mashteuiatsh by the Quebec government, which will enable the community to carry out economic development projects.

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