Skeena deal dependent on licence transfers

Truck News

TERRACE, B.C. — The sale of Skeena Cellulose is nearly complete, however, the transfer of licences still threatens to quash the deal.

NWBC, the buyers of Skeena, are insistent the purchase included the licences to harvest nearly two million cu. Metres of wood each year. However, Forests Minister, Mike de Jong must approve the transfer before any cutting can begin.

"The minister, under the Forest Act, has to give his approval as to whether or not the transfers will take place and whether he will place any conditions on them," a forest ministry spokesman tells local media.

Currently, Skeena has six forests licences and one tree farm licence under its control. De Jong hasn’t revealed when he will decide whether or not to approve the transfers.

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