Louisiana Pacific, near Minitonas, has seen its operating licence extended by five years after a new Memorandum Of Understanding was signed between the province and three First Nation governments in the area.
In making the announcement on Friday, Premier Wab Kinew said the agreement will keep hundreds of good-paying jobs in Swan Valley after years of instability.
That instability resulted in L.P.'s licence only being extended on a short-term basis in previous years.
Over the next five years, LP, local First Nations, and the Manitoba government will work together to create a 20-year forest management plan that meets the needs of both parties.
Premier Kinew noted that this act of economic reconciliation is good for the economy, Indigenous Peoples, and working-class Manitobans.
