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FrankMe

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20/02/19

15:05

Post #: 37502005
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Originally posted by mcm1636 ↑

Originally posted by FrankMe
LNG Limited inks Bear Head benefits and labour deals

Perth-based LNG Limited said its Bear Head LNG company signed agreements with the Assembly of Nova Scotia Mi’kmaq Chiefs (Assembly) and the Nova Scotia Construction Labour Relations Association Limited and Cape Breton Unions.

Bear Head LNG signed a mutual benefits agreement with the Assembly, with both parties commiting to develop the project in an environmentally sustainable manner, LNG Limited said in a statement on Tuesday.

Bear Head LNG also signed a project labour agreement with the Nova Scotia Construction Labour Relations Association Limited and Cape Breton Unions.

The agreement ensures a stable work environment for the development of Bear Head’s proposed liquefied natural gas (LNG) facility on the Strait of Canso in Richmond County, Nova Scotia, the company said.

The Labour Agreement governs the terms of employment for employees represented by the Unions at the Bear Head LNG facility. The Labour Agreement also gives priority to qualified residents of Cape Breton Island and mainland Nova Scotia.

LNG Limited’s Bear Head LNG is proposing to build an LNG export facility on the naturally deep waters of the Strait of Canso in Point Tupper, Richmond County, Nova Scotia.

The proposed facility will comprise an initial development of an 8 – 12 million tonne per annum facility, with the capacity and approvals for further expansion.

www.lngworldnews.com/lng-limited-inks-bear-head-benefits-and-labour-deals/
I wonder why they didn't post this on the ASX? I know it's not a price sensitive announcement however it's always nice to see a sign of life from the company. Thanks for posting.

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MEDIA RELEASE February19, 2019

“Bear Head LNG is looking to invest a significant amount of money and resources into the LNG facility - a labour agreement creating a stable environment for the life of the project will help position the project for success,” said Baguley.

“A stable labour environment is good for everyone, including the workers. We look forward to working with the building and construction trades to bring significant benefits to them and their families.”

http://www.lnglimited.com.au/site/P...nUnionsandtheAssemblyofNovaScotiaMiKmaqChiefs

LNG Price at posting: 48.0¢ Sentiment: Buy Disclosure: Held
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