Saskatchewan Economic Fundamentals 2008 Q2

[joeiannuzzi]

McLean biofuel plant moves closer to reality with council OK

REGINA -- Canadian Green Fuels Inc. has received the village council`s blessings to proceed to the next phase of its plans to build a multi-million-dollar biofuel processing plant in McLean, about 40 kilometres east of Regina.

"We have made the decision to (locate in) McLean and we have engaged the environmental assessment phase," said Troy Metz, chief development officer for Canadian Green Fuels.

http://www.canada.com/saskatoonstarphoenix...1c-0779c7646850

 

[joeiannuzzi]

Council nixes zoning change

Saskatoon city council has scrapped a proposed new type of zoning district that would have allowed virtually every type of retail, along with restaurants, banks, clinics and residential development -- but not movie theatres.

The city has already banned theatres at shopping districts in Preston Crossing, Stonegate and Blairmore.

A resolution to approve the new zoning type lost on a 5-5 vote, with Coun. Bob Pringle absent.

http://www.canada.com/saskatoonstarphoenix...ad-2b6cd49196d2

 

[joeiannuzzi]

Housing starts increase

Construction started on 115 multiple-family residences in the Saskatoon area last month, a figure 72 per cent higher than the 67 multi-family starts during the same time last year, according to a new report.

At the same time, 195 single-detached homes went under construction in the Saskatoon CMA -- a region of about 240,000 people -- in May, a 3.7 per cent increase from the same starts in May 2007, according to the Canada Mortgage and Housing Corp.`s monthly survey of residential construction.

http://www.canada.com/saskatoonstarphoenix...d8-7cf91d578b57

 

[joeiannuzzi]

Great Western Minerals Group to acquire manufacturer in U.K.

Great Western Minerals Group Ltd. (GWMG) has signed a non-binding letter of intent to acquire a United Kingdom-based manufacturer of rare earth alloys whose clients include the Toyota Group of Companies.

The $7.8-million purchase of Less Common Metals Ltd. (LCM) of Birkenhead, U.K., is expected to close on June 18, GWMG announced Monday. The Saskatoon-based company, which explores and develops strategic metal resources (including rare earth elements) in North America, says LCM will add to GWMG`s `mine to market` strategy.

http://www.canada.com/saskatoonstarphoenix...87-f4de2eb217b7