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Bloom Lake and Wabush Mines - Reports

The following reports have been filed in the proceedings:


 Thirty-Second Report of the Monitor March 2, 2017
The Monitor's Thirty-Second Report informs the Court on the following:
(a) The procedure implemented by the Wabush CCAA Parties to formalize efforts to sell the Wabush Mine; and,
(b) The details of the current state of negotiations with each of the parties that have expressed an interest in the acquisition of Wabush Mine.

 
 Thirty-First Report of the Monitor January 24, 2017
The Monitor's Thirty-First Report informs the Court on the following:
(a) The receipts and disbursements of the CCAA Parties for the period September 24, 2016 to January 13, 2017;
(b) The CCAA Parties' revised and extended cash flow forecast for the period January 14 to June 30, 2017;
(c) The current status of the realization of assets;
(d) The progress of the Claims Procedure;
(e) The current status of litigation matters;
(f) The 2014 Reorganization;
(g) Allocation issues with respect to proceeds of realization and the costs of the CCAA Proceedings; and,
(h) The CCAA Parties' request for an extension of the Stay Period to June 30, 2017, and the Monitor's recommendation thereon.

 
 Thirtieth Report of the Monitor December 6, 2016
The Monitor's Thirtieth Report informs the Court on the following:
(a) The on-going discussions regarding a potential sale of Wabush Mine and remaining assets located thereon; and,
(b) The Monitor's views on the MFC motion to partially lift the stay of proceedings.

 
 Twenty-Ninth Report of the Monitor November 25, 2016
The Monitor's Twenty-Ninth Report informs the Court on the following:
(a) The Monitor's views on the motion of Mason Graphite Inc.

 
 Twenty-Eight Report of the Monitor November 21, 2016
The Monitor's Twenty-Eigth Report informs the Court on the following:
(a) The Monitor's views on the Key Bank Security;
(b) The Monitor's views on the Tata Railcar APA and the marketing process leading up to it;
(c) The Monitor's views on the Motion for an approval and vesting order for the sale of certain assets; and
(d) The Monitor's views on certain aspects of the Tata Railcar APA being made confidential.

 
 Twenty-Seventh Report of the Monitor November 14, 2016
The Monitor's Twenty-Seventh Report informs the Court on the following:
(a) The Monitor's views on the CNR Key Bank Security;
(b) Other than the beneficiaries of the Administration Charge and the Directors’ Charge, there are no known claims that rank in priority to the CNR Key Bank Security in respect of the Second IOC Purchased Assets;
(c) The Monitor's views on the marketing process of the Second IOC Railcar Transaction;
(d) The Monitor's views on the consideration of the Second IOC Railcar Transaction; and,
(e) The approval of the Second IOC Railcar Transaction is in the best interests of CNR.

 
 Twenty-Sixth Report of the Monitor November 14, 2016
The Monitor's Twenty-Sixth Report informs the Court on the following:
(a) The Monitor's views on the marketing process of the Nalcor Transaction;
(b) The Monitor's views on the consideration of the Nalcor Transaction;
(c) The Monitor's views on the Naclor Transaction in the interests of the Vendor’s stakeholders; and,
(d) The proceeds of the Nalcor Transaction will stand in place and stead of the Nalcor Purchased Assets, and will be held by the Monitor pending further order of the Court.

 
 Twenty-Fifth Report of the Monitor October 24, 2016
The Monitor's Twenty-Fifth Report informs the Court on the following:
(a) The Monitor's views on the acquisition by Ritchie Bros Auctioneers (Canada) Ltd. of specific major mining equipment and vehicles located at the Bloom Lake Mine and Scully Mine; and
(b) The Monitor's views on the request that the information with respect to Purchase Price, the allocation of the Purchase Price amongst the Purchased Assets and the Deposit be kept confidential for commercial reasons.

 
 Twenty-Fourth Report of the Monitor October 6, 2016
The Monitor's Twenty-Fourth Report informs the Court on the following:
(a) The receipts and disbursements of the CCAA Parties for the period March 26 to September 23, 2016;
(b) The CCAA Parties' revised and extended cash flow forecast for the period September 24, 2016 to February 3, 2017;
(c) The current status of the realization of assets;
(d) The progress of the Claim Procedure;
(e) The current status of litigation matters;
(f) The 2014 Reorganization;
(g) Allocation issues with respect to proceeds of realization and the costs of the CCAA Proceedings;
(h) The current estimates of potential distributions to creditors; and
(i) The CCAA Parties' request for an extension of the Stay Period

 
 Twenty-Third Report of the Monitor September 16, 2016
The Monitor's Twenty-Third Report informs the Court on the following:
(a) The Monitor's views on the agreement dated September 1, 2016 between Bloom Lake LP, Wabush Resources, WICL and the Ritchie Bros Auctioneers (Canada) Ltd.; and
(b) The Monitor's views on the request that the information with respect to Purchase Price and Deposit be kept confidential for commercial reasons.

 
 Twenty-Second Report of the Monitor August 22, 2016
The Monitor's Twenty-Second Report informs the Court on the following:
(a) The intended sale by the Wabush Mines of 51 residential properties located in the Town of Wabush, Newfoundland and Labrador;
(b) The Monitor's views on the validity and enforceability of the secured claims of Cliffs Natural Resources Inc.;
(c) The Monitor's views on the IOC Railcar Transaction; and
(d) The Monitor's views on certain aspects of the IOC Railcar APA being made confidential.

 
 Twenty-First Report of the Monitor July 14, 2016
The purpose of the Monitor's Twenty-First Report is to provide information to the Court with respect to the request by WRI and WICL for the approval and vesting order contemplated under the Toromont Generators APA dated June 30, 2016.
 
 Twentieth Report of the Monitor June 22, 2016
The Monitor's Twentieth Report informs the Court on the following:
(a) The Monitor's views on the Key Bank Security;
(b) The Monitor's views on the Rio Tinto Railcar APA and the marketing process leading up to it;
(c) The Monitor's views on the Motion for an approval and vesting order for the sale of certain assets; and
(d) The Monitor's views on certain aspects of the Rio Tinto Railcar APA being made confidential.
 
 Response to question of the Court with respect to paragraph 51 of the Monitor’s Nineteenth Report / Réponse à une question de la Cour en lien avec le paragraphe 51 du Dix-neuvième rapport du Contrôleur. April 20, 2016
 
 Nineteenth Report of the Monitor April 13, 2016
The Monitor's Nineteenth Report informs the Court on the following:
(a) The receipts and disbursements of the CCAA Parties for the period January 9 to March 25, 2016;
(b) The CCAA Parties' revised and extended cash flow forecast for the period March 26, 2016 to September 30, 2016;
(c) The current status of the realization of assets;
(d) The appointment by the applicable regulators of independent administrators for the Wabush Pension Plans;
(e) The progress of the Claim Procedure;
(f) The current status of the Monitor's review of the 2014 Reorganization;
(g) The current status of the Fisheries Summonses Hearing;
(h) The current status of the MFC Litigation;
(i) The current status of the Beumer Litigation;
(j) The motion filed by the Sept-Îles Port Authority;
(k) The motion filed by the USW; and
(l) The CCAA Parties' request for an extension of the Stay Period
 
 Eighteenth Report of the Monitor January 28, 2016
The Monitor's Eighteenth Report informs the Court on the following:
(a) Request for the Block Z AVO
 
 Seventeenth Report of the Monitor January 22, 2016
Monitor's Seventeenth Report informs the Court on the following:
(a) Request for the Point-Noire AVO
 
 Sixteenth Report of the Monitor January 22, 2016
Monitor's Sixteenth Report informs the Court on the following:
(a) The Monitor's views regarding the stay extension;
(b) Receipts and Disbursements through January 8, 2016;
(c) Extension of Interim Financing;
(d) The Point-Noire APA;
(e) Developments with respect to the Wabush Mine;
(f) Restructuring Letter of Intent;
(g) The Notices of Objection;
(h) The Monitor's Comments with Respect to the UNNU Objection;
(i) The UNNU Alternative Scenario; and
(j) Request for an Extension of the Stay Period.
 
 Fifteenth Report of the Monitor December 31, 2015
Monitor's Fifteenth Report informs the Court on the following:
(a) The receipts and disbursements of the CCAA Parties for the period October 17, 2015 to December 18, 2015;
(b) The CCAA Parties' revised and extended cash flow forecast for the period December 19, 2015 to March 18, 2016;
(c) Matters relating to the Interim Financing;
(d) The closure of the Montreal office;
(e) The completion of the Bunker C Fuel Transaction;
(f) The termination of the Wabush Pension Plans by the applicable regulators;
(g) The hearing held on December 17, 2015, before the Provincial Court in Wabush, Newfoundland in respect of alleged offences under the Fisheries Act, R.S.C., 1985, c.F-14;
(h) The progress of the SISP;
(i) The provision of confidential information to certain creditors;
(j) The progress of the Claim Procedure and Claims and D&O Claims filed by the Claims Bar Date and the D&O Claims Bar Date respectively; and,
(k) To summarize the motion of certain Bloom Lake CCAA Parties for an approval and vesting order with respect to the sale of certain assets, and to provide the Monitor's recommendations thereon.
 
 Fourteenth Report of the Monitor December 2, 2015
Monitor's Fourteenth Report informs the court of the following:
(a) The filing by the Wabush CCAA Parties of an Environmental Assessment Registration for the Decommissioning and Rehabilitation of the Wabush Mines Scully Mine dated November 2015;
(b) Dealings with MFC Industrial Limited and its counsel since the Court hearing that took place on November 5, 2015; and
(c) Summonses issued against WICL, WRI, Wabush Mines and Cliffs Mining Company, the managing agent of the Wabush Mines, in respect of alleged offences under the Fisheries Act, R.S.C., 1985, c.F-14.
 
 Thirteenth Report of the Monitor November 5, 2015
Monitor's Thirteenth Report provides the Court with additional on the Notice of Objection filed in respect of the Stay Extension Motion by MFC Industrial Limited on November 2, 2015.
 
 Twelfth Report of the Monitor October 27, 2015
Monitor's Twelfth Report informs the Court on the following:
(a) The receipts and disbursements of the CCAA Parties for the period ending October 16, 2015;
(b) The CCAA Parties' revised and extended cash flow forecast for the period October 17, 2015 to January 29, 2016;
(c) Matters relating to the Interim Financing Facility;
(d) Correspondence in respect of an alleged default in the minimum royalty payment under the Amendment and Consolidation of the Mining Lease made between Canadian Javelin Limited (now MFC Industrial Ltd.) and Wabush Iron Co. Limited dated as of September 2, 1959;
(e) The progress of the SISP;
(f) The provision of confidential information to certain creditors;
(g) The status of the Monitor's investigation of the 2014 Reorganization; and,
(h) The CCAA Parties' request for an extension of Stay Period to January 29, 2016 and the Monitor's recommendation thereon.
 
 Eleventh Report of the Monitor October 27, 2015
Monitor's Tenth Report informs the Court on the CCAA Parties' request for the Claims Procedure Order.
 
 Tenth Report of the Monitor October 27, 2015
Monitor's Tenth Report informs the Court on the CCAA Parties' request for an approval of an agreement between Bloom Lake LP and SMS Equipment Inc. for the sale of a piece of equipment.
 
 Ninth Report of the Monitor October 27, 2015
Monitor's Ninth Report informs the Court on the CCAA Parties' request for an Approval and Vesting Order in connection with sale of inventory of bunker C fuel from the Pointe-Noire facility, to the purchaser 9108-7189 Quebec Inc.
 
 Eight Report of the Monitor July 20, 2015
Monitor’s Eighth Report to inform the Court of the following: (a) The receipts and disbursements of the CCAA Parties for the period ending July 10, 2015; (b) The CCAA Parties’ revised and extended cash flow forecast for the period July 11 to November 6, 2015 (the “July 17 Forecast”); (c) The progress of the SISP; and (d) The CCAA Parties’ request for an extension of the Stay Period to November 6, 2015 and the Monitor’s recommendation thereon.
 
 Seventh Report of the Monitor May 19, 2015
Monitor's Seventh Report, to be filed into the Court record in connection with the hearing scheduled to take place on June 22, 2015 at 9:15 in room 15:10 of the Montreal Courthouse
 
 Sixth Report of the Monitor June 1, 2015
Monitor's Sixth Report to inform the Court of the following:
(a) The activities of the Wabush CCAA Parties and the Monitor since the issuance of the Wabush Initial Order;
(b) The receipts and disbursements of the CCAA Parties for the period ending May 22, 2015;
(c) The progress of the SISP;
(d) The Bloom Lake CCAA Parties' request for an Order authorizing and directing the Monitor to pay to Moelis the portion of the Transaction Fee payable by CQIM in respect of the Chromite Transaction;
(e) The Wabush CCAA Parties' request for an Order (the "Wabush Comeback Order"), inter alia:
(i)Providing priority for the Wabush CCAA Charges over the Encumbrances;
(ii) Approving the SISP nunc pro tunc as it relates to the Wabush CCAA Parties and approving the amendment and restatement of the SISP to reflect the inclusion of the Wabush CCAA Parties in the CCAA Proceedings;
(iii) Approving the Moelis Engagement Letter nunc pro tunc as it applies to the Wabush CCAA Parties;
(iv) Creating a charge over the property of each Wabush CCAA Party securing (the "Wabush Sale Advisor Charge") up to a maximum of US$5.0 million;
(v) Suspending the payment by the Wabush CCAA Parties' of Amortization Payments and OPEB Payments; and
(vi) Extending the Wabush Stay Period to July 31, 2015.
 
 Fifth Report of the Monitor May 20, 2015
Monitor’s Fifth Report in respect to the Wabush CCAA Parties application seeking an order providing, inter alia, a stay of proceedings in respect of Wabush Iron Co. Limited; Wabush Resources Inc.; Arnaud Railway Company; Wabush Lake Railway Company Limited; and Wabush Mines (collectively the “Wabush CCAA Parties”) until June 19, 2015.
 
 Fourth Report of the Monitor April 20, 2015
Monitor's Fourth Report in respect of the Amended Motion for the Issuance of an Approval and vesting Order with respect to the Sale of the Chromite Shares.
 
 Third Report of the Monitor April 7, 2015
Monitor's Third Report in relation with the following motions
(1) Motion for the Issuance of an Approval and vesting Order with respect to the Sale of the Chromite Shares;
(2) Motion for an Order approving the lease of certain property by Petitioner 8568391 Canada Limited;
(3) Motion for an Order Authorizing the Engagement of a Sale Advisor and Amending the Initial Order;
(4) Motion for an Order Approving a Sale and Investor Solicitation Process; and
(5) Second Motion for an Order Extending the Stay Period through July 31, 2015
 
 Second Report of the Monitor February 19, 2015
Second Report to clarify the Monitor's First Report concerning existing hypothecs charging the assets of the CCAA Parties
 
 First Report of the Monitor February 6, 2015
The Monitor's First Report is to inform the Court on the following:
(a) The activities of the CCAA Parties and the Monitor since the commencement of the CCAA Proceedings;
(b) The receipts and disbursements of the CCAA Parties for the period from the start of the CCAA Proceedings to January 30, 2015;
(c) The CCAA Parties' revised and extended cash flow forecast for the period January 31 to May 1, 2015; (d) The CCAA Parties' request for an Order providing priority for the Administration Charge and the Directors' Charge over any and all other existing hypothecs, mortgages, liens, security interests, priorities, charges, encumbrances or security of whatever nature or kind (collectively, the "Encumbrances") affecting the Property whether or not charged by such Encumbrances and the Proposed Monitor's recommendation thereon; and (e) The CCAA Parties' request for an extension of the Stay Period to April 30, 2015 and the Monitor's recommendation thereon.
 
 Pre-Filing Report of the Proposed Monitor ("Pre-Filing Report") in respect to the CCAA Parties' application seeking an order providing, inter alia, a stay of proceedings in respect of Bloom Lake General Partner Limited, Bloom Lake Railway Company Limited, Quinto Mining Corporation, 8568391 Canada Limited, Cliffs Québec Iron Mining ULC ("CQIM"), and The Bloom Lake Iron Ore Mine Limited Partnership (collectively, the "CCAA Parties") until February 26, 2015. January 26, 2015
The Pre-Filing Report includes:
a) The state of the business and affairs of the CCAA Parties and the causes of their financial difficulty and insolvency;
b) The CCAA Parties' weekly cash flow forecast to April 24, 2015 (the "January 23 Forecast");
c) Employee retention agreements entered into by the CCAA Parties prior to the commencement of the CCAA Proceedings;
d) The CCAA Parties' request for approval of the Directors' Charge and the Proposed Monitor's recommendation thereon;
e) The CCAA Parties' request for approval of the Inter-Company Charge; and
f) The CCAA Parties' request for approval of the Administration Charge and the Proposed Monitor's recommendation thereon.
 

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