Recent News

Richmond, (BC) – Catalyst Paper (TSX:CTL) recorded a net loss of $368.4 million ($0.96 per common share) on sales of $299.4 million for the second quarter of 2010. Results were significantly impacted by after-tax impairment and closure costs of $302.0 million on the permanent closure of the Elk Falls and Paper Recycling Divisions. The net loss before specific items was $43.9 million ($0.11 per common share) compared to $37.6 million ($0.10 per common share) in the previous quarter. Specific items included a $21.3 million after-tax foreign exchange loss on the translation of long-term debt.

Richmond, (BC) — Catalyst Paper (TSX:CTL) will pay its full municipal property tax bill in three of the four municipalities that host its BC paper mills, but is seeking leave from the Supreme Court of Canada to appeal a recent court decision involving the fourth municipality. Catalyst said today that it will pay more than $15 million in municipal taxes to Powell River, Campbell River, Port Alberni and the District of North Cowichan.

Richmond, BC – Catalyst Paper Corporation (TSX:CTL) today appointed four new members to its Board of Directors.

“I would like to welcome the new directors who bring extensive global business and finance experience as we continue to manage the impacts of industry consolidation and restructuring,” said Board Chairman Michel Desbiens.