B.C.’s forests minister has given the green light to transfer harvesting rights between two companies in north central British Columbia.
Doug Donaldson says the deal will see a Hampton-owned affiliate take over a forestry licence and road permits from Conifex Timber.
As part of the deal, Fort St. James Forestry Products has committed to build a new mill in the community and have it up and running within three years of the transfer.
Conifex announced its plans to sell the operation to Hampton for $39 million back in late June, but the deal was subject to government approval.
Donaldson says he expects that Hampton will continue to work with First Nations to develop business and capacity-building arrangements and hire local workers.
He also expects that the company will meet with the United Steelworkers’ local and continue discussions with Fort St. James Green Energy and local logging contractors.
