Grand Falls-Windsor Transitions from Pulp and Paper to Mining Services
Grand Falls-Windsor has shifted from a century-long reliance on the pulp and paper industry to becoming a mining service center. This transition, which began almost 20 years ago, is driven by the establishment of mining operations like Duck Pond and Valentine Lake Gold Mine, creating new economic opportunities and jobs.
Theia Market Signal Identification - AI Assisted
Grand Falls-Windsor, once a hub for pulp and paper production, is now emerging as a significant mining service center. The town's transformation began around 20 years ago, following the closure of its pulp mill in 2009 and the opening of the Duck Pond zinc and copper mine in 2007, which employed 270 people.
The Valentine Lake Gold Mine, expected to produce 150,000 to 200,000 ounces of gold annually, further supports this growth. MSA Labs, a geochemical lab, recently opened, investing $1.5 million and creating 40 jobs to service mining operations.
Mayor Mike Browne notes that the economy is strong and anticipates further growth as more mining opportunities arise. This shift not only diversifies the local economy but also fosters community support with new businesses and local employment.
Comments