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

BHP enters forestry with bond

BHP Billiton will underwrite cash repayments on what the International Finance Corporation is calling a world-first $US152 ($198m) million bond that will help limit deforestation while providing competitive returns. Source: The Australian The unique feature of the IFC Forests Bond is
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VicForests seeks community consultation on changes to its TRP

VicForests is seeking comment from local community members on proposed changes to the Timber Release Plan (TRP). Source: Timberbiz VicForests Acting CEO, Nathan Trushell, said any amendment to the Timber Release Plan would not change the overall level of harvesting. “The changes will
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Canadian forest products seeks partnership with government

The Canadian forest products industry is asking for a formal partnership with the federal government to further the sector’s ongoing transformation and contributions to the government’s agenda, including combatting climate change and supporting middle class jobs. Source: Y
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Your feedback – survey on the performance of FWPA

GHD Pty Ltd is completing the performance review of Forest and Wood Products Australia (FWPA) and as part of the review is seeking feedback via a confidential on-line survey. Source: Timberbiz This survey provides an opportunity for you to reflect on FWPA’s performance and highlight a
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Kangaroo Island timber deal

Kangaroo Island Plantation Timbers (KIPT) has signed a $55 million deal to buy the entire Forestry Investment Trust (FIT) estate managed by New Forests Asset Management on Kangaroo Island. Source: The Islander The purchase includes all of the plantation land, standing timber and the B
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Burnie to have international shipping link

Tasmania could have a direct international shipping link by the end of next year. Source: The Mercury A proposal to establish an international container terminal at the Port of Burnie is progressing, with Australia’s biggest stevedore pledging $20 million to start a staged $75 million
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Landowner to build roads for Marlborough forestry

A landowner intending to harvest more than 100-hectares of Marlborough Sounds pine forest in New Zealand has agreed to build his own roads to transport logs following safety concerns. Source: The Marlborough Express Forestry company PF Olsen Ltd has applied for resource consent to all
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Former ForestrySA chief faces jail

A senior SA State Government bureaucrat who oversaw South Australia’s forestry is facing jail or thousands of dollars in fines after admitting to being dishonest in his job. Source: The Advertiser Former ForestrySA chief executive officer Adrian Hatch, 57, was due to face a District C
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