Norske Skog has entered into an agreement to sell its Tasmanian forest assets to a fund controlled by the Australian based investment manager New Forests Pty Ltd. The purchase price for the assets is $62.5 million. The transaction will result in a gain to be recognized in the first qu
AFCA has reminded forestry workers to not miss out on the chance to have a say on changes to national skills standards for forestry jobs as these views are critical to ensuring skills standards meet industry needs. Source: Timberbiz Skills standards are developed with industry help an
Two businesses in Queensland’s largest timber forestry region will share in more than $600,000 of State Government funding to investigate projects that will transform waste streams into products and create new jobs for the state. Source: Timberbiz Laminex Australia at Toolara will rec
KIPT reported to investors that its insurer, Primacy Underwriting Management Pty Ltd, had accepted its claim for losses and provided the timber company with a $10 million “progress payment”. Source: Timberbiz “The balance of the claim is being progressed by the insurer, and fur
Sustainable Timber Tasmania has rejected claims by the Bob Brown Foundation that protests have shut down logging operations in the logging coupe north of the Pieman River in the South-East Tarkine. The protest is the second in the Tarkine in recent weeks, with a separate action focuss
The Victorian State Government is still refusing to release bushfire fuel load maps for Victoria, despite an order from State Parliament to make the documents public. The maps, published in August, show the build-up of fuel loads across East Gippsland and North East Victoria. Source:
As the Softwood Lumber Dispute V file winds its way through the usual US domestic as well as international trade court tribunals, a preliminary ruling from the US Commerce Dept is bringing a sharp reduction in the duty rates paid on Canadian softwood lumber entering the US. Sources: T
John Deere updated its line of rotary cutter attachments with the new RX72 and RX84. These new models are designed for heavy-duty vegetation management applications. The rotary cutter attachments are compatible on large-frame skid steer and compact track loaders, such as the 330G thro
As part of the French government’s push for sustainable urban development, President Emmanuel Macron has announced that, by 2022, all new public buildings financed by the state must contain at least 50% wood. Sources: Timberbiz, The Times The local government in Paris had already pled
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