In what is shaping up to be the biggest forestry deal in the “Green Triangle” region since South Australia privatized its forestry assets in a $670 million deal in 2012.
News in timber
China’s Ban on Australian Timber and other Products is Taking its Toll on Green Triangle Region and its Seaport Economy
The recent shipment ban put into place by China on Australian timber (logs), coal and other agricultural and seafood products is already having a significant impact on the Green Triangle region and its seaport economy.
Canadian Forest Industries Contractor Survey for 2020 Shows Improvements but Headwinds Remain
Compared to the initial, 2016, Canadian Forest Industries Contractor Survey and the subsequent B.C. provincial governments Logging Contractor Sustainability Review, which outlined proposals to improve relationships between the contractors and mills, things, at least on the surface appear to be much better in 2020.
The Wildfires in Oregon are Out but the Losses and Costs Continue to Mount
The Oregon timber industry is made up of small and large companies and they are still in the process of totaling up their losses from the 2020 wildfire season. No one has a real number yet, but one thing is for certain, between timber, equipment and lost jobs the losses are going to be large . . . very large.
Weyerhaeuser Announces Completion of Timberland Transactions
In a transaction originally reported in September 2020, Weyerhaeuser today (11/20) announced the completion of two separate transactions in which it purchased timberlands from and sold timberlands to funds managed by Hancock Natural Resources Group, a Manulife Investment Management Company.
Rule Change Opens Up Vast Stretches of National Forests to Logging in Oregon, Washington and Beyond
The U.S. Forest Service on Wednesday (11/18) finalized a rule change, to a landmark Nixon-era environmental law, that aims to open up vast stretches of national forests to increased logging in Oregon, Washington and beyond.
PotlatchDeltic Sells Last Land Holdings in Minnesota
The nonprofit Conservation Fund has just acquired 72,440 acres of land across 12 northern Minnesota counties. The land will be permanently preserved as undeveloped for wildlife habitat, public recreation and sustainable timber harvest, while also protecting water quality.
Canfor Sells Forest Tenure in Fort Nelson Area to Peak Renewables
Canfor announced on Tuesday (11/17) that they had reached a multi-year $ 30 million agreement with Peak Renewables involving the sale of the Company’s forest tenure in the Fort Nelson region of B.C. As always, the transactions are subject to customary closing conditions, which include the approval of the B.C. Minister of Forests.
Ontario Provincial Government Proposes Making Temporary Logger Exemption to Endangered Species Permanent.
The Ontario provincial government is proposing making a temporary, 2013 exemption, for loggers from the endangered species law permanent.
China’s Ban on Australian Forest Products Could Actually Boost Green Triangle Processing Industry
According to one Australian forestry sector representative, China’s indefinite suspension of timber exported out Australia’s Victoria region could actually help boost Green Triangle’s processing industry. Industry sources estimate the Green Triangle timber export industry underpins around 1,000 jobs in the south-east of South Australia (SA) and western Victoria.