Interfor Corporation announced today that it has reached an agreement with an affiliate of the Kilmer Group to acquire 100% of the equity interests in the entities comprising Chaleur Forest Products. Chaleur owns two sawmills in New Brunswick with a combined annual lumber production of 350 million board feet.
News in timber
US National Interagency Fire Center Wildfire Update Released for October 3, 2022
The US National Interagency Fire Center reported on Monday that the total number of large wildfires and complexes currently burning in the US dropped from 89 last Monday to 72, with more than 766,553 acres across 7 different states currently burning. One new wildfire has been reported within the past 24 hours.
Alberta Government Announces 20-Year Renewal of Forest Management Agreement With Weyerhaeuser
Alberta announced on Thursday that it has renewed the forest management agreement held by Weyerhaeuser for the next 20-years in exchange for important stewardship responsibilities. These agreements establish the company’s right to grow and harvest Crown timber from forest management units near Grande Prairie and Drayton Valley.
Fort Nelson Area Forest Industry Revitalization Threatened by Rail Logistics Issues
The Fort Nelson First Nation and local politicians have been trying to pull themselves out of a 15-year regional recession by revitalizing the region’s forest industry, which was shut down in 2008 when Canfor Corp closed its plywood and OSB mills. Those closures were proceeded by the shuttering of the Tackama sawmill in 2005.
New Brunswick Government Officials Suddenly Tight Lipped About Additional Forestry Revenues
In early July, New Brunswick’s Natural Resources and Energy Development Minister gave several interviews, saying that forestry companies will pay “tens of millions of dollars” more in timber royalties this year than last. However, as of late, both the minister and the New Brunswick provincial government appear to be stepping back.
Alberta Announces 20-Year Renewal of Forest Management Agreement With Tolko, Norbord, and La Crete
Alberta announced on Tuesday that it has renewed the forest management agreement jointly held by Tolko Industries Ltd., Norbord Inc., and La Crete Sawmills Ltd. for the next 20 years in exchange for important stewardship responsibilities.
Study Conducted by Forest Industry Experts Confirms BC Pellets are Responsibly Sourced
A study commissioned by the Wood Pellet Association of Canada has confirmed that wood pellets in British Columbia are sourced entirely from sawmill and harvest residuals or from low-quality logs and bush grind rejected by other industries.
US National Interagency Fire Center Wildfire Update for September 26, 2022
The US National Interagency Fire Center reported on Monday that the total number of large wildfires and complexes currently burning in the US decreased from 95 to 89, with more than 898,732 acres across 7 different states currently burning.
Manitoba Provincial Government Signs Two More Forestry Revenue Sharing Agreements With Northern First Nations
The Manitoba provincial government said on Tuesday that it has signed memorandums of understanding on forestry revenue-sharing with two more Northern Manitoba First Nations. One of the agreements is with the Norway House Cree Nation and the other is with Chemawawin Cree Nation.
US National Interagency Fire Center Wildfire Update for September 9, 2022: Two New Fires
The US National Interagency Fire Center reported on Monday that the total number of large wildfires and complexes currently burning in the US has grown to 95, with more than 902,574 acres across 9 different states currently burning. Two new fires in Oklahoma were reported within the past 24 hours.