News Archive: November 2012

Town of Snowflake announces cooperation agreement to secure long-term viability of Apache Railroad

SNOWFLAKE, AZ, Nov. 27, 2012 – The Town of Snowflake today announced that Catalyst Paper Corporation and its United States affiliates will be working cooperatively with the Town as Catalyst seeks to sell the Apache Railway Company as an operating railroad.  The Town believes that this approach will serve to ensure the long-term viability of the railroad and its place in the community, both today and for the future.

Reorganization drives Q3 profit for Catalyst Paper

Richmond, (BC) – A significant one-time credit arising from reorganization gains and “fresh-start accounting” valuation adjustments resulted in third quarter net earnings of $655.7 million for Catalyst Paper. The company emerged from creditor protection on September 13, 2012 with significant debt and cost-structure improvements.

Water flows to increase in Cowichan River

Crofton, BC – A joint agreement to increase water flows in the Cowichan River was reached between the federal Department of Fisheries and Oceans, provincial Ministry of Forests, Lands and Natural Resource Operations, Cowichan Tribes, Cowichan River Hatchery and Catalyst Paper, Crofton Division.

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