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
An ABARES report has exposed the ousted Labor-Green Government for mismanagement of the Australian forest industry according to Senator Richard Colbeck. Source: Timberbiz
Forest and Wood Products Australia Limited (FWPA) has announced the establishment of a reference group to provide strategic direction to its new Statistics and Economics Program. Source: Timberbiz
The Brooweena sawmill south of Bundaberg has been given the order to close after workplace health and safety officers deemed one section of the mill, a single bench, unsafe for workers to operate. Sources: ABC News, The Fraser Coast Chronicle
The forest industry is bringing in North American experts to a conference this week to help it tackle the high injury and death rates in New Zealand plantations. Source: Radio New Zealand
A Tasmanian Parliamentary inquiry into forest industry exit packages has recommended more money be made available for people who were not eligible for grants. Source: ABC News