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Gay keeps $1mill from insider trading

The former chairman of collapsed Tasmanian timber company Gunns, John Gay, will not be made to hand back the almost $ 1 million he made from insider trading. Source: ABC News

Daily Timber News

From mill site to tourist mecca

Two Australian millionaires will transform a key Tasmanian woodchip mill into a major tourist attraction, in a blow to the State Government and the forestry industry. Source: ABC News
Daily Timber News

Home truths from Tassie sawmiller

Longford, Tasmania’s Graham Monson is one of the casualties of the Tasmanian forestry intergovernmental agreement. Source: The Examiner
Daily Timber News

Mount Gambier benefits from government package

A Mount Gambier sawmilling operation has employed 18 new staff as the flow-on effects from the State Government’s $ 27m timber restructure package start to trickle through the sector. Source: The Border Watch
Daily Timber News

Tassie peace deal attacked from a new side

The President of Tasmania’s Legislative Council has delivered a scathing assessment of the forest peace deal. Source: 7 News
Daily Timber News

Burnie Council profits from Forestry Tasmania stockpile

A prime industrial site in Burnie will become a holding yard for Forestry Tasmania’s stockpile of export logs. Source: The Mercury
Daily Timber News

Payment advice from Gunns’ timber mid-March

Tasmanian farmers affected by the collapse of Gunns expect to clarify at a mid-March meeting what they will be paid for their plantation timber. Source: The Examiner
Daily Timber News

New Forests to purchase Bell Bay and Tarpeena Sawmills from receivership

New Forests is acquiring all the assets of Gunns Timber Products (GTP), including the Bell Bay and Tarpeena sawmills. Source: Timberbiz
Daily Timber News

CSIRO study says forestry may benefit from carbon farming

A study conducted by researchers from CSIRO and the Department of Agriculture and Food (DAFWA) suggests industrial plantation forestry could potentially contribute towards Australia’s national target of reducing greenhouse gas emissions (GHG) if a carbon price is in place. Source: Science WA
Daily Timber News

Canadian companies profit from US and China

Canadian lumber producers West Fraser Timber (WFT) and Western Forest Products (WEF) have announced the biggest combined profit since 2006 as mills run at five year highs to feed the US housing rebound and near-record Chinese demand. Source: Bloomberg
Daily Timber News