Investors and speculators on the receiving end of Sino-Forest’s credit default swaps, which act as insurance on the company’s bonds, will be paid 71 cents on the dollar for their holdings. Source: Globe and Mail
Asia’s dominant position in the global panel demand and supply cannot be challenged, but in the future the real game changes will be raw material supply security, uncertain and high cost energy, access to the state-of-art technology and best-in-class industry practices. Source: Timber
Pryda has released its latest specification guide for floor and rafter trusses – an extensive design manual developed specifically for design and construction audiences. Source: Timberbiz
Now that the focus is on the Federal Budget and the impending carbon tax it is unlikely that the Gillard Government’s Illegal Logging Prohibition Bill 2011 will see the light of day before the end of this year. Source: Timber and Design International
Murdoch University researchers and international scientists are warning that thousands of Marri trees throughout the South West, including in the winery regions, are dying or are already dead. Disease and drought are threatening Warrup, Yabberup, Arcacia and Kingston-Perup. Source: In
Parliamentary Secretary for Industry and Innovation, Mark Dreyfus, has opened the 2012 Australian Clean Technologies Competition for nominations. Source: Timberbiz
The Australian Forestry Standard Ltd (AFS Ltd) has announced that the first public comment period for the review the “Australian Forestry Standard (AS4708)” ends on 18 May 2012. Source: Timberbiz
The New Zealand forest industry has been called on to move away from its boom-and bust export log trade and to avoid destructive behaviour in international markets. Source: Timber and Design International
State Treasury officials and Crown law solicitors have handed over a document detailing the sale conditions of southeast South Australian forests. Source: ABC News
Ghana will import logs from Cameroon after losing its forest cover, which stood at 8.2 million hectares a little over a century ago. The imports will feed mills in Ghana. Source: IHB