B.C. judge gives potential buyers of Mackenzie pulp mill until Sept. to make bids

By: Brenda Bouw, THE CANADIAN PRESS VANCOUVER - Workers at the Mackenzie pulp mill in northern B.C. gained renewed hope Friday that a buyer can come along this summer and buy their shut-down operation. B.C. Supreme Court Chief Justice Donald Brenner extended a stay that gives potential buyers of the mill until Sept. 2 to make a bid and restart the business. A receiver has been put in charge of finding a buyer for the operation, formerly run by bankrupt U.S. forestry company Pope & Talbot Inc. Friday's ruling came alongside the dismissal of an application by Canfor Corp. (TSX:CFP), one of Canada's biggest lumber producers, to have its wood chip supply agreement with the mill cancelled. The court heard Friday that the chip agreement is crucial to the mill's operations and a buyer would have been much more difficult to find... [read full story]