Timberlink Australia has been awarded a $7.8 million grant by the South Australian State Government to be matched dollar-for-dollar by capital investment from Timberlink in a strategic upgrade of the company’s Tarpeena sawmill. Source: Lesprom
Te Arawa has decided not to bid for the closed Rotorua sawmill, Tachikawa, because it would cost about $25 million to buy and run. Source: Radio New Zealand
Australia surpassed 3 million credits issued under its carbon offset scheme for agriculture, forestry and waste, but uptake of new projects is low with regulatory uncertainty weighing heavily on project developers. Sources: Sydney Morning Herald, Timberbiz
Legislative Councillors in Tasmania have denied playing politics over the forestry issue in a heated exchange at a parliamentary committee reviewing Government Business Enterprises. Source: The Examiner
A single mass planting has boosted the national population of the rare and endangered Turner’s kohuhu (pittosporum turneri, or tent pole tree) by more than 10% in New Zealand. Source: Scoop.co.nz
Sharks are terrifying, mammoth animals with rows of razor-sharp teeth and they motor through the water at speeds many times faster than us. It'd be stupid not to scared of them, wouldn't it? Source: The Age
The Macquarie Group has struck a deal with BRI Ferrier offering to manage hundreds of millions of dollars worth of forestry assets nationally for the new owners of Forest Enterprises Australia. Source: The Australian
Investors in the collapsed Forestry Enterprises Australia will be hoping to recoup some of the $400 million they poured into the business over several years as investment bank Gresham and receiver Deloitte officially place the plantation owner on the market. Source: The Australian
New Zealand Labour Minister Simon Bridges said prosecutions were "very likely" for forestry owners who breached safety standards. Source: The New Zealand Herald