Resolute seeks $70M-plus in damages over revival of Port Hawkesbury paper mill

MONTREAL — Resolute Forest Products Inc. (TSX: RFP) is seeking damages of more than $70 million under the North American Free Trade Agreement, citing losses it blames on the government-aided revival of an idled paper mill in Nova Scotia.

Resolute said in a statement Wednesday that it has filed a notice of arbitration under NAFTA, saying the closure of its Laurentide mill in Quebec was a result of competition from the paper mill in Port Hawkesbury, N.S..

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