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Examines Alberta's shiny new paper mills which are expected to cash in when prices for pulp and paper rebound next year. Shipments of pulp and paper component down; Alberta Newsprint Co. of Whitecourt breaking even by deferring depreciation costs; Campaign of then-Premier Donald Getty to lure international investors to Alberta's largely unallocated forests; Cost to taxpayers; The long-term.

Informs that paper company Millar Western is buying back the 60 percent of its paper mill in Whitecourt, Canada that the Canadian government owns. The sale being for much less than the government spent for the mill; The number of jobs created by the mill; Details of the government's relationship with the mill; Other government-industry partnerships in Canada. INSET: Who's next?..

Discusses the current status of the Grande Alberta Paper (GAP) mill. Actions of former premier Don Getty; Moves by Finance Minister Paul Martin; Cost considerations related to the GAP; Role of the Alberta Forests Products Association.