Cannington Project News Today

West Fraser Timber Co announced that it will permanently close its sawmill in Fraser Lake, British Columbia, following an orderly wind-down. Today’s decision is the result of West Fraser’s inability to access economically viable fibre in the region.   The closure of Fraser Lake Sawmill will impact approximately 175 employees. West Fraser expects to mitigate the impact on affected employees by providing work opportunities at other West Fraser operations.  

Analysis by GlobalData of 2023 mining trends shows that companies are dealing with issues like rising supply costs and the green transition.