Talks regarding the potential sale of Thunder Bay Terminals by Russel Metals Inc. to NRG Energy came to an end last month when the deal was called off. Other interested parties are now free to make offers on the facility.
Russel announced June 26 it had signed a letter of intent to sell the bulk handling facility on McKellar Island. The deal is worth $40-million (Cdn). The terminal transfers coal, potash and farm products from rail car to freighter. It also services the Ontario Power Generation plant on Mission Island and ships to other fossil-fueled stations around the Great Lakes.
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