Tag Archives: Gunns

Rainforest Alliance to audit Gunns

International forestry certification company Rainforest Alliance will conduct audits of failed timber company Gunns Ltd plantations next month for Forest Stewardship Council compliance. Source: The Examiner
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

TasPorts eyes Gunns’ port asset

Government-owned ports authority TasPorts has revealed plans to buy Gunns’ Burnie port facility. Chairman Dan Norton said the board was in the process of acquiring the facility before Gunns went into the receivership. Source: ABC News
Daily Timber News

Class actions – Great Southern, Willmott Forests and now Gunns

Macpherson + Kelley (M+K) the law firm behind a class action against failed forestry group Great Southern is also considering whether to launch a similar action against Gunns. The company is also filing a class action against Willmott Forests. Source: Brisbane Times
Daily Timber News

Kalangadoo finally sells for failed Gunns

Receivers for Gunns have finally sold the Kalangadoo timber treatment plant in South Australia. Contracts were exchanged and the sale will be finalised for an undisclosed amount.
Daily Timber News

Gunns administrators looking for farmers

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
Daily Timber News

Late submission to Senate over Gunns

A powerful Senate committee that has been examining the impact of the financial crisis on banking could accept late submissions on the collapse of Tasmanian timber group Gunns according to The Australian newspaper. Source: The Australian
Daily Timber News

Smoking Gunns leaves farmers worried

The Tasmanian Farmers and Graziers Association (TFGA), which represents private forest owners, says its prime concern with the announcement of Gunns going into administration is the status of trees on private land that had been contracted to the company. Sources: Timberbiz
Daily Timber News

Ripple affect for Gunns workers nationally

The news that Gunns has gone into voluntary administration has ripple effects that extend well past Tasmania’s borders with workers and contractors in Victoria, South Australia and Western Australia also feeling the sting. Sources: ABC South East SA, Australian Financial Review, ABC News
Daily Timber News

ANZ seeks review of Gunns balance sheet

Gunns’ move to recapitalisation has been slow and full of setbacks and there is no end in sight. It appears that lenders to the embattled timber company are becoming nervous about the $ 500 million they are owed by the end of the year. Sources: Business Spectator, ABC News, The Australian Financial Review
Daily Timber News