Algoma Central Corporation Sells Station Mall in Sault Ste. Marie
Station Mall, a 555,000 square-foot enclosed shopping centre located steps away from the St. Mary’s River, was the last of the Company’s real estate holdings in Sault Ste. Marie. The Company’s intention to divest of its commercial real estate portfolio was initially announced in 2015. Since then, the Company has sold 15 properties in Sault Ste. Marie, Waterloo, and St. Catharines, Ontario since 2015, directing proceeds from the sales to the renewal of the domestic dry-bulk fleet, expansion of its ocean self-unloader fleet and to new investments in international shipping.
Sea Lamprey Control Initiative Enters Five-year Implementation Phase
The Supplemental Sea Lamprey Control Initiative (SUPCON) has entered a new, five-year implementation phase following several years of successful proof-of-concept research. Funded by the Great Lakes Fishery Commission, SUPCON expands... Read More
Algoma Steel to Lay Off 1,000 Workers, Close Blast Furnace
Algoma Steel plans to lay off about 1,000 workers and close its blast furnace and coke making operations in early 2026. Algoma cites the high tariffs imposed by U.S. President... Read More