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Latest timber industry news, updated on Monday, Wednesday and Friday.

Kangaroo Island Plantation issues 10 milllion shares

Kangaroo Island Plantation Timbers (KIPT) has completed a successful $20 million placement with institutional investors, issuing 10 million shares at $2. Source: Timberbiz The funds raised will be used for working capital; increased contingency; the cost of building the initial timber
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Let’s talk about the management of our forests

Victorians are being encouraged to have their say on the sustainable management of our forests as part of the five-yearly review of the Victorian Regional Forest Agreements (RFAs).  Source: Timberbiz The Australian and Victorian governments have released the Report on Progress with Im
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Forest owners say below minimum wage rates ‘unacceptable’

New Zealand’s Forest Owners Association has taken a strong stand on pay rate breaches by forest planting contractors. Source: Timberbiz FOA President Peter Clark said a recent MBIE audit of pay rates and conditions in three forest regions has revealed what appeared to be widespr
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Sawmills of Finland – a different philosophy

The faint smell of burnt wood permeates Finland. The likely culprit: with a population of about 5.5 million, it is estimated there are four million saunas. Many of those saunas are heated with wood – a valued commodity, and part of Finland’s culture. Source: Woodbusiness About 65% of
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PNG to tax forestry

Papua New Guinea’s government is to start taxing the forestry industry in a bid to grow revenue. Source: Radio New Zealand It’s one of the announcements in the $US4.5 billion national budget for 2018 delivered by Treasurer Charles Abel. The latest budget has the Peter O
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Forest Harvesting Optimisation Project Approved

The Australian Industry and Skills Committee (AISC) has approved the Case for Endorsement for the updated and revised units of competency, along with a Companion Volume Implementation Guide. Source: Timberbiz The revised units will be released on to training.gov.au by the end of 2017,
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ARC of the future

The recently launched ARC Future Timber Hub (Australian Research Council) is Australia’s leading timber research collaboration, bringing together experts from industry, government and academia. Source: Timberbiz It was founded as an interdisciplinary partnership between Hyne Tim
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NZ policy of genuine benefit

Forestry Minister Shane Jones says overseas investment in forestry that brings genuine benefits to New Zealand’s economy and its environment will be welcomed by the Government. Sources: Timberbiz, Scoop NZ Mr Jones says he is pleased with the inclusion of a Forestry Directive in the n
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Tea trees get a financial boost from government

The Australian tea tree industry is set to benefit from the Coalition Government’s $5 million Leadership in Agricultural Industries Fund. Source: Timberbiz Assistant Minister for Agriculture and Water Resources, Luke Hartsuyker, said the fund would provide $102,368 to assist the Austr
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