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Latest timber industry news, updated on Tuesdays and Thursdays.

Bombala Timber Precinct gets $9 million

Regional Development Australia has announced $4.7 million of funding for the Bombala Timber Precinct Infrastructure Project following a successful application by Bombala Council in New South Wales. Source: Bombala Times
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Net gain of 60 million hectares of forest

China's total forest area has increased to 195 million hectares from 134 million hectares in 1992, making a net gain of 60 million hectares within 20 years, according to a statement from the State Forestry Administration (SFA). Source: Forestry Industry Engineering Association
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China invests in Russian forestry

A multibillion-dollar investment fund set up by Russia and China is expected to make its first investment in a Russian forestry company, as economic ties between the neighboring countries grow closer. Source: Reuters
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Australia sees REDD with Indonesia project

Indonesia’s change of government in the province of Aceh may cause a large Australian-owned forest-carbon project to be abandoned. Sources: The Sydney Morning Herald, The Brisbane Times, Maribyrnong Weekly
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Strong NZ dollar may impact forestry

The risk of the kiwi dollar remaining higher than expected over the next four years is the biggest risk to Government forecasts for growth in the nation's farm, forestry and seafood exports, a new Government report says. Source: New Zealand Herald News
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Tasmania granted Future Forest help

Two significant research facilities will be developed at the University of Tasmania thanks to a $5 million grant announced by the Gillard Government. Source: Timberbiz
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Institute of Foresters critical of IVG

The Institute of Foresters of Australia has released a paper titled Critique of the Work of the Independent Verification Group saying the IFA has been ignored throughout the Tasmanian Forests Intergovernmental Agreement process (IGA). Source: Timberbiz
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SA forest deal is closer

The Future Fund-backed The Campbell Group, US-based Hancock Natural Resource Group, and Sydney-based New Forests have commenced detailed due diligence on ForestrySA. Sources: Australian Financial Review, The Stock Journal
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Abbott against clearfelling

Parliamentary secretary for forestry Sid Sidebottom has attacked opposition leader Tony Abbott over logging. Source: The Weekly Times
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