Australasia's home for timber news and information

Dollars flow for Carter Holt Harvey but workers strike

21 August 2012
South Australia’s government has offered a multi-million dollar bailout to Carter Holt Harvey after the company warned of mass retrenchments. Treasurer Jack Snelling confirmed the offer is similar though smaller to the Holden bailout, which was around $50 million. Source: AdelaideNow,
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Hancock redresses grassland damage

21 August 2012
Hancock Victorian Plantations Pty Ltd is to repair damage done to critically endangered grassland in south-western Victoria after the federal government secured a legally enforceable $305,000 pledge from the company. Source: Timberbiz
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Resolute in planting one billion trees

16 August 2012
Resolute Forest Products celebrated the planting of one billion trees at its forestry operations in northern Ontario, Canada. This achievement is the result of collective efforts made over the past 30 years by the company, its employees, numerous contractors and suppliers, and the Ont
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US recognizes greater Asian demand for lumber

16 August 2012
Lumber prices are rising in the US because of greater demand in Asia, which is a sign of recovery in the international real estate market. The exchange traded fund for lumber, Claymore Beacon Global Timber Index has climbed more than 5.22% in market action for the month. Source: Nasda
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WA draft forest plan open for discussion

16 August 2012
West Australia’s draft Forest Management Plan has been released for public consultation. The Plan covers an area of 2.5 million hectares in the south west of the state stretching from Lancelin to Denmark. Sources: ABC New, Perth Now
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Heyfield sawmill faces expansion with ASH

16 August 2012
Australian Sustainable Hardwoods (ASH), the company that bought the former Gunns sawmill at Heyfield, is gearing up to expand its presence in Victoria's residential and commercial construction market. ASH is owned by three private investors and aims to buy the latest technology to in
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Carter Holt Harvey at logger heads with SA Government

16 August 2012
South Australia’s Opposition said that 1000 jobs are at risk after a warning by New Zealand timber company Carter Holt Harvey that its Mount Gambier mill facilities cannot continue incurring losses. The company said it would close its four operations in Mt Gambier and Nangwarry if a n
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Tassie sawmillers buyout by government

16 August 2012
Federal taxpayers will immediately begin funding at least $15 million to buy out Tasmanian sawmillers in a final attempt to secure a lasting forest peace deal in the state. The move was backed in an "interim agreement" between forest industry and green groups. Source: The Australian
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Interim peace deal brokered in Tasmania

16 August 2012
An interim forest peace deal was announced in Tasmania but there is still no agreement on wood supply or forest reserves. Industry and environmental groups have been negotiating for two years and have twice extended the talks beyond their initial deadlines. Sources: The Tasmanian Merc
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Forestry cover in Belize threatened by Guatemala

14 August 2012
Whereas Belize, located in South America, has upheld forest preservation efforts, its immediate western neighbor Guatemala is grappling with one of the highest deforestation rates in Central America. The deforestation problem now appears to be extending into Belizean forests. Source:
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