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The pending shutdown of Arvida is poised to impact between 300 and 350 employees. The new facilities will create 100 permanent jobs, Rio Tinto said.
In the wake of massive disasters, it isn't uncommon for entire communities to abandon affected areas and never return. Here are ten less-common examples:
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But revaluation weighed on Arvida's bottom line.
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Response from boost to investor sentiment expected after Biden-McCarthy deal.
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The company has asked the Quebec government to continue operating the smelter in Arvida, whose permit is to expire in 2025