Evenings on BayFM

4:00pm - 6:00pm
Email
Now Playing: Johnny Reid - Which Way Is Home
Listen Live

    Search

    A new buyer for an idle south coast flourispar mine

    Tuesday, 13 June 2023 16:03

    By Tonya Organ

    Fluorspar Holdings Pte Ltd, is the new owner of Canada Fluorspar (NL) Inc in St. Lawrence.

    A new buyer has been found for the idle fluorspar (floorispar) mine in St. Lawrence. Following a court appointed monitor,  Fluorspar Holdings Pte Ltd, is the new owner of Canada Fluorspar (NL) Inc. (CFI) On June 6th, the Supreme Court approved the sale of CFI to the buyer, a private company registered in Singapore, for $25 million. Government will receive close to $4 million from the proceeds of the sale which will repay a loan of $3.25 million. Government also agreed to provide up to $3.785 million toward the costs of water treatment at the site to assist with the restart of the mine.

     

    Share

    To report an error, submit a news tip, or provide feedback, please e-mail news@bayfm.ca or call (709) 637-0183.

    More from Local News

     

     

     

    BayFM recognizes support from the following agencies:

                        

    Today's Weather

    • Corner Brook

      Light rain

      High: 12°C | Low: 4°C

    • Deer Lake

      Sunny intervals

      High: 11°C | Low: 3°C

    Recently Played

    Podcasts

    • BayFM On-Demand

      Atlantic Jazz Nights

      Atlantic Jazz Nights coming to Corner Brook and Stephenville

    • The Plain Truth

      The Plain Truth, Wednesday April 16, 2025

      The topic of this week’s show is Parenting

    • Corner Brook In Council

      Corner Brook City Council Meeting, Monday April 15, 2025

      Corner Brook City Council Meeting, Monday April 15, 2025