The idled St. Lawrence fluorspar mine has a new buyer, breathing new hope and optimism into the Burin Peninsula region.
The identity of the buyer and the purchase price remain sealed by court order, at least until the transaction closes, which is expected to happen on Friday. But there’s also the acknowledged potential value of the mine and the fluorspar mineral itself, which is in demand around the world in the manufacture of aluminum, insulation, steel and refrigerants—not to mention direct access to international shipping lanes.
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