Windsor Salt Pays Ridiculously Paltry Rent
The
owners of Windsor Salt pay $413.69 and $29.11 to the Ministry of
Northern Development, Mines, Natural Resources and Forestry in annual
rents for the two leases of lands related to the Ojibway Mine complex.
The amounts were reported in an order by the Minister extending their
leases for 21 years. In the extension, there are provisions for a per
tonne royalty for production which are not elaborated in the extension
of the lease. These provisions are only referred to as the 1982 lease,
which was the original lease negotiated with the government. The
royalty provisions were
last renewed and modified in 2006.
Workers also report that the company gets free use of the waters of the Detroit River for its brine wells. Water under high pressure is used to extract salt.
Given the length of the strike at Windsor Salt and the time it will take to re-start production, it is possible that Windsor Salt will pay little to nothing, other than municipal and other taxes. These they can likely write off using their self-imposed losses.
This article was published in
Number 37 - July 17, 2023
Article Link:
https://cpcml.ca/WF2023/Articles/WO10374.HTM
Website: www.cpcml.ca Email: editor@cpcml.ca