First Nations-owned Vancouver Island wood chip plant set to close in March

A worker takes measurements while standing atop a pile of wood chips on a barge after it was loaded at a sawmill in Richmond, B.C., late Wednesday Jan. 16, 2013. THE CANADIAN PRESS/Darryl Dyck

ALERT BAY - A wood chip plant on Vancouver Island that's majority-owned by a First Nation in British Columbia and was acquired with help from provincial funding, says it is closing, the latest setback for the province's forestry sector.

Atli Resources chief executive Jonathan Lok says in a statement that the Atli Chip LP facility in Beaver Cove will close in March due to "ongoing structural changes affecting British Columbia's coastal forest sector."

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