Latest Abitibi Stories
C $ MONTREAL, Nov. 8, 2012 /PRNewswire/ - Resolute Forest Products (NYSE: RFP) (TSX: RFP) announced two major investments today, totaling C$11 million, at its Comtois sawmill in Lebel-sur-Quévillon, Quebec, and its Senneterre, Quebec, sawmill. At the Comtois sawmill, $9 million will be invested in the construction of a new saw line. This equipment will enhance the sawmill's performance by increasing the volume of lumber produced and reducing fiber loss. The $2 million...
NEW YORK AND MONTREAL, Aug. 22, 2011 /PRNewswire/ - Canwealth Minerals Corporation and partner ICBS Ltd., (OTCPK: ICBT),  announced today that it has Golden Ridge a new claim units in the Abitibi Temiscamingue region of Northern Quebec. The Golden Ridge property is located in the Townships of Languedoc and Disson approx. 52 km northwest of Amos Quebec in the prolific Abitibi Greenstone Belt. The claim is 100% owned by Canwealth Minerals Corporation. It is comprised of 4...
MONTREAL, April 19 /PRNewswire-FirstCall/ - Boralex Power Income Fund (the "Fund") is pleased that its Senneterre power station project will benefit from significant investments by the federal and provincial governments. The $6 million project was developed in collaboration with a manufacturer in the Abitibi area and will maximize the utilization of old bark piles. The innovative aspect of the project is that it will make it possible to receive process and handle wood residues while...
MONTREAL, July 8 /PRNewswire-FirstCall/ - On July 7, 2009, Boralex Power Income Fund (the "Fund") received notices from AbitibiBowater ("Abitibi") cancelling a number of contracts that affect the Fund's Dolbeau cogeneration plant and Senneterre power station. The contracts involved are the service and maintenance contracts for Dolbeau, which has been operated by Abitibi since the Fund acquired the plant in January 1999. The cancellation notices also include five biomass supply contracts for...
US$ ABWTQ (OTC) ABH (TSX) MONTREAL, May 7 /PRNewswire-FirstCall/ - AbitibiBowater Inc. ("AbitibiBowater" or the "Company") and its Abitibi-Consolidated Inc. ("Abitibi") subsidiary today announced that an order from the Quebec Superior Court in Canada has been obtained authorizing Abitibi to enter into a loan agreement with Bank of Montreal for debtor-in-possession financing which will be guaranteed by Investissement Quebec (the "Abitibi DIP Agreement"). The Abitibi DIP Agreement will...
US$ ABH (NYSE, TSX) - New investor commits to backstop up to US$100 million of concurrent offering - Support of unsecured noteholders increases to approximately 39% of outstanding principal amount - Meetings of affected noteholders and lenders to be held April 30th MONTREAL, March 16 /PRNewswire-FirstCall/ - AbitibiBowater Inc. ("AbitibiBowater" or the "Company") announced that, further to its previously announced recapitalization transaction (the...
US$ ABH (NYSE, TSX) - Net debt to be reduced by $2.4 billion - Annual interest expense to be reduced by $162 million - $350 million in new funds to be raised with new debt not maturing until 2014 - Business continuity for employees, trade creditors and customers - Pre-offer support of approximately 34% of existing note holders - Implementation of recapitalization expected to occur by early May 2009 MONTREAL, March 13 /PRNewswire-FirstCall/ -...
VAL-D'OR, QUEBEC--(Marketwire - Sept. 3, 2008) - NioGold Mining Corporation (TSX VENTURE:NOX)(FRANKFURT:NG1) ("NioGold") reports on the 2008 diamond drilling program on the Marban Block property located in the Malartic Gold Camp, Abitibi region, Quebec, where the Company has completed 53 holes (18,008 metres) to date in 2008 on the Marban West Extension target and Wedge Zone. Assay results were received for 9 holes (MB-08-049 to MB-08-57) drilled on the Wedge Zone where...
