He said there were holes in the deal to drive a truck through.
Well, the only trucks associated with the deal trucks have been loaded with bags of cash for the Premier to spend.
Vale Inco's 2009 capital expenditure commitments contain the news that, as expected, the company will build a new refinery at Long Harbour:
Pursuant to an agreement with the Government of the Province of Newfoundland and Labrador, we will build a commercial nickel processing facility in Newfoundland and Labrador to produce 50,000 metric tons of finished nickel per year, together with up to 5,000 metric tons of copper and 2,500 metric tons of cobalt, utilizing the ore from the Ovoid mine in our Voisey Bay mining site. The decision about the technology to be employed in this project will be made at the end of this year. The investment is subject to Board approval. [Emphasis added]No word yet on when the truck will arrive to make the announcement.
Don't be surprised if it happens in November poll goosing season with a joint company/provincial government announcement to boot.
-srbp-
