A sell-off of more than 250,000 acres of state-owned forestry assets in South Australia for $670 million will not impact long-term supplies of timber and will leave the state’s forestry assets in safe hands, according to the SA government. Source: The Australian, Design Build Source,
Australian Manufacturing Workers’ Union (AMWU) members from South Australia's south-east have joined a union led campaign by the Construction, Forestry, Mining and Energy Union (CFMEU) to save SA’s embattled timber industry. Source: 4-Traders
The US surpassed Canada as the largest wood pellet exporter in the world in the first half of 2012, according to the North American Wood Fiber Review. The expansion of wood pellet capacity in the US South has enabled the growth. Source: Timberbiz
There are two forestry entrepreneurs whose software is revolutionising the harvesting of timber. A UK company is leading a quiet revolution to change the global forestry industry. Source: Independent (UK)
Australia’s Lend Lease faces being banned from billions of dollars of Victorian government work after signing a sweetheart deal with a powerful construction union according to the Sydney Morning Herald. Source: Sydney Morning Herald, The Age
Administrators of failed forestry company Gunns are advertising for a business to take on the plantations as a 'responsible entity'. Ads were placed in the financial press for a company to take over the routine administration of Gunns' investments. Source: ABC Rural
The Tasmanian Greens believe Forestry Tasmania's secret purchase of the Southwood sawmill in the Huon Valley is further proof the state-owned company needs an overhaul. Source: ABC
CLICK HERE to subscribe to Daily Timber News, the FREE e-new delivered to your inbox 3 times/week with current national and international timber industry news.