


| Wabush facing hefty deficit in wake of mine closure |
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The Town of Wabush says it's short about $600,000 in revenue this year, largely because of the collapse of Wabush Mines — but also because of a tangle with a Crown corporation. But the town is also short because it can't tax assets that are now controlled by Nalcor Energy , connected to a pioneering hydroelectric project in Labrador.
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