On Monday (11-8-21), the Alberta provincial government approved the renewal of Tolko Industries’ 272,441-hectare forest management area (FMA) near High Prairie. The renewal allows Tolko to harvest Crown timber from the FMA for the next 20 years.
Tolko operates two oriented strand board (OSB) facilities and a sawmill in the province, directly employing 721 people.
According to a government news release, this will lead to $3.6 million in holding and protection charge payments, $29.7 million in timber dues, and contribute more than $864 million to Alberta’s GDP.
The province’s next step is to review Tolko’s forest management plan. Tolko’s current plan was approved in 2005. Their latest plan has been submitted and is pending provincial approval.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Alberta renews Tolko’s 272K-hectare, 20-year FMA