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Lenders move to force Port of Algoma into receivership

Lenders move to force Port of Algoma into receivership

GIP Primus LP and Brightwood Loan Services LLC say the port owes them US$198 million
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Software vendors complicate Algoma's exit from insolvency protection

Software vendors complicate Algoma's exit from insolvency protection

Soon-to-be sold steel mill critically dependent on accounting and human resources applications
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U.S. steel tariffs cost Algoma more than $55 million

U.S. steel tariffs cost Algoma more than $55 million

Sault steelmaker forced to post $5.2 million for surety bond
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Sault council ratifies property tax deal with steel mill

Sault council ratifies property tax deal with steel mill

Deal was cut after a recent appeal reduced the assessment of Algoma's local property holdings to $39 million, compared to $83 million in 2014-2016
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Sault businesses may lose millions in proposed sale of steel mill

Sault businesses may lose millions in proposed sale of steel mill

Prospective new owners are willing to pay city taxes, but offer nothing to local businesses owed $25 million for work done before Nov. 9, 2015.
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Garden River intervenes in steel mill's insolvency proceedings

Garden River intervenes in steel mill's insolvency proceedings

The First Nation says it's never been consulted, accommodated or even notified of Algoma's proposal for a new port
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Steel tariffs to have ripple effect, says chamber

Steel tariffs to have ripple effect, says chamber

At midnight tonight, the United States will slap a 25 per cent tariff on imports of steel from Canada, Mexico and the European Union
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Northern mayors calling for immigration plan

Northern mayors calling for immigration plan

Projections show continued population decline unless measures implemented, says mayors' group
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Sault steel mill prepares to build new $55-million alternative port

Sault steel mill prepares to build new $55-million alternative port

If regulatory approvals can be secured, Algoma says it can build a new dock system in about one year's time
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Sault cruise ship visits could double in three years

Sault cruise ship visits could double in three years

City officials seeking ways to give visitors a more memorable welcome
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