Dunderdale gives Muskrat Falls the go-ahead

Dunderdale gives Muskrat Falls the go-ahead

Premier Kathy Dunderdale announces the sanctioning of the Muskrat Falls hydroelectric project. (Graham Kennedy/The Canadian Press)   Newfoundland and Labrador Premier Kathy Dunderdale has given the green light to the controversial Muskrat Falls hydroelectric project.  Dunderdale officially sanctioned the project, which will cost at least $7.7-billion, shortly after 6 p.m. local time in the lobby […]

December 17th, 2012

Posted In: Town Centre News

Feeding at the Trough

Even as world financial markets struggle to find their footing, investors and developers are surging ahead with new projects in the iron ore-rich Labrador Trough – By Stephanie Porter Equity research analyst Robin Kozar put the momentum and reality of Labrador’s iron ore industry into sharp perspective: While Canada currently produces only about two per […]

December 10th, 2012

Posted In: Town Centre News

Muskrat Falls Hydro Project Secures Federal Loan Guarantee

HAPPY VALLEY-GOOSE BAY, N.L. — Prime Minister Stephen Harper signed off on a loan guarantee agreement Friday that would save Newfoundland and Labrador and Nova Scotia more than $1 billion in borrowing costs on the $7.4-billion Muskrat Falls hydroelectric project. The federal backing, which Harper promised during last year’s election campaign, is included in a […]

December 1st, 2012

Posted In: Town Centre News