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02/03/2012 06:30 PM BC’s Chief Forester says pine beetle kill wasn’t as destructive as first feared Jim Snetsinger, British Columbia’s Chief Forester, told a convention of the Western Silviculture Contractors’ Association this week that the historic mountain pine beetle infestation in interior B.C. wasn’t as destructive as first feared. “In 2006, we were projecting a mountain pine beetle kill of 80 per cent of pine by 2013,” Jim Snetsinger said. “Our [...]

BC’s Chief Forester says pine beetle kill wasn’t as destructive as first feared is a post from: ForestTalk.com

02/03/2012 06:21 PM Weyerhaeuser reports quarterly net earnings of $65 million Weyerhaeuser has reported net earnings of $65 million in their fourth quarter on net sales of $1.6 billion. This can be compared to Weyerhaeuser’s net earnings of $171 million on net sales of $1.5 billion for the same period last year. For the full year 2011, Weyerhaeuser reported net earnings of $331 million on net [...]

Weyerhaeuser reports quarterly net earnings of $65 million is a post from: ForestTalk.com

02/03/2012 01:00 PM Fibrek expects to receive 3rd party proposals today Fibrek Inc. announced today that a proposal has emerged from its strategic alternatives review process, which was initiated by Fibrek’s Board following the unsolicited insider bid made by AbitibiBowater Inc. (carrying on business as Resolute Forest Products) on December 15, 2011. The Board of Directors and Management are currently in negotiations with a number of [...]

Fibrek expects to receive 3rd party proposals today is a post from: ForestTalk.com

02/03/2012 12:53 PM $17 million in funding for Arbec to reopen Miramichi mill The governments of New Brunswick and Canada are providing more than $17 million to Arbec Forest Products to restart the Miramichi OSB mill that was closed 5 years ago by Weyerhaeuser. Provincial Funding $15.3 million will be coming from the province of New Brunswick, including: $1.5 million payroll rebate $5.6 million term loan $1.2 million [...]

$17 million in funding for Arbec to reopen Miramichi mill is a post from: ForestTalk.com

02/03/2012 07:04 AM Domtar reports net quarterly earnings of $61 million Domtar Corporation has posted net earnings of $61 million in the fourth quarter of 2011. These results can be compared to net earnings of $117 million in the third quarter of 2011 and net earnings of $325 million in the fourth quarter of 2010. For the 2011 fiscal year, Domtar’s net earnings amounted to $365 [...]

Domtar reports net quarterly earnings of $61 million is a post from: ForestTalk.com

02/03/2012 06:44 AM NewPage Port Hawkesbury workers sue company for $168 million in unpaid severance, pensions, and benefits The workers of the idled NewPage Port Hawkesbury mill in Nova Scotia have filed a lawsuit for $168 million against the company. The employees, represented by the Communications, Energy and Paperworkers (Local 972) are owed severance, pensions, and other benefits. The claim was filed in the U.S. Bankruptcy Court on Tuesday. Because NewPage is in [...]

NewPage Port Hawkesbury workers sue company for $168 million in unpaid severance, pensions, and benefits is a post from: ForestTalk.com

02/01/2012 07:49 PM Who does Terrace Bay Pulp owe? The document listing Terrace Bay Pulp‘s creditors is 8 pages long and totals $41,456,859.90 Canadian, and another $1,531,404.42 is owed in U.S. Funds. The biggest creditor is the Ontario Government at $24,166,666.00 Many of the companies owed are in Terrace Bay and Thunder Bay, Ontario, ranging from chemical companies, to fuel supplies, trucking and transportation [...]

Who does Terrace Bay Pulp owe? is a post from: ForestTalk.com

02/01/2012 07:13 PM A word from Hon. Joe Oliver, Minister of Natural Resources The Honourable Joe Oliver, Minister of Natural Resources, today addressed representatives of Canada’s forest industry at a luncheon speech at PaperWeek 2012 in Montreal. The Minister highlighted the importance of partnerships, innovation and market expansion to the future of Canada’s forest industry in helping to sustain jobs in rural communities across the country. “Our Government’s [...]

A word from Hon. Joe Oliver, Minister of Natural Resources is a post from: ForestTalk.com

02/01/2012 07:10 PM 43 jobs cut in Corner Brook today The meetings between Kruger and the 8 union locals representing its workers at the Corner Brook Pulp and Paper mill have concluded and the word is at least 43 full time jobs have been cut. 31 of the jobs were CEP members. 8 machinists, members of the International Association of Machinists and Aerospace Workers, received [...]

43 jobs cut in Corner Brook today is a post from: ForestTalk.com

02/01/2012 09:03 AM Nova Scotia in process of cutting stumpage by 30% Dan Leger, former editor of Halifax’s Chronicle Herald, has broke the news on his personal blog that the Nova Scotia government is in the process of cutting stumpage fees on crown land by a proposed 30%. This will work out to a cost to Nova Scotia taxpayers of about $2 million a year. Leger said [...]

Nova Scotia in process of cutting stumpage by 30% is a post from: ForestTalk.com

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