TimberWest is reporting that 2009 was its worst year on record for the company.
Sales were $318.4 million in 2007, $163.7 million in 2008, and $150.3 million in 2009.
TimberWest is reported a net loss of $55.4 million for 2009.
With the difficult economic and business conditions, TimberWest continued to defer private and public land harvests, conserve cash and protect its balance sheet.
TimberWest completed a refinancing package by raising $150 million by way of a 9%...
1 hour 55 min
Abstract:
The dissertation covers two aspects: macro and micro perspective on resource and income distribution in Nepal and includes 8 chapters, 73 tables and 24 figures. The first component mainly deal with the income distribution and inequality especially in regard to land resource and hand over of community forests in different ecological belts and development regions of Nepal....
2 hours 26 min
hile's Celulosa Arauco y Constitucion SA, one of the world's leading pulp producers, said Wednesday its five domestic pulp plants are still offline as damages are evaluated and repaired following a devastating earthquake Feb. 27 /online.wsj.com.
3 hours 9 min
Earthquake in Chile, strike in Finland have squeezed global supply of pulp, driving up prices and benefiting Canadian producers theglobeandmail.com.
3 hours 39 min
The majority of Finland's paper manufacturing capacity has had to be shut down because of the stevedore strike. Stora Enso has closed more than half of its paper production in Finland, and UPM has stopped 15 of its 19 paper machines.. /Papernet.se
3 hours 40 min
By Jocelyn Dow, letter to the Editor, Stabroek News, 17 March 2010 | Obviously I do not share the view that the LCDS process was a farce or that it failed to take account of FPIC. The limitations of this initial consultation period were anticipated, many were addressed and improved over time and there is still work to be done. The LCDS is not a harbour, it is a voyage as are all current initiatives at national scale to maintain low carbon emissions and to be compensated for same at national...
4 hours 49 min
Business Standard, 18 March 2010 | A measure of caution is required in shifting the focus of forestry just to carbon sequestration. It could be as distorting as the earlier focus on production forestry. Consider the experience of India with “scientific forestry” set up after the British brought in three German foresters to establish the forest department and the forest institute in Dehra Dun. Sustainable working plans were prepared for the forests which were brought under government control and...
5 hours 53 min
AFP, 8 March 2010 | Wealthy and developing nations should be able to seal an agreement this year on deforestation, unlocking a key part of the next treaty on global warming, Indonesian negotiators said Monday. At December's Copenhagen climate summit, six nations pledged a total of 3.5 billion dollars to help developing countries fight the loss of forests, seen as a leading cause of global warming along with industrial pollution. Basah Hernowo, a senior official in Indonesia's forestry...
6 hours 4 min
By Fidelis E Satriastanti, Jakarta Globe, 10 March 2010 | Underground mining officially became legal in the country’s protected forests on Feb. 1. Now environmentalists and miners are working to determine the viability of such operations and their effect on the rapidly disappearing natural landscape. The new regulation came against the backdrop of the country’s noisy pledge to protect its vast forest areas as part of its ambitious goal of reducing carbon emissions by 26 percent by 2020. “Any...
6 hours 6 min
Tempointeraktif.com, 10 March 2010 | Indonesia Friends of the Earth (Wahana Lingkungan Hidup) have dismissed carbon trade offer of a total of AUS$30 million through REDD scheme from Australia, describing the offer as an escape from the obligation of emission reduction by the Australian side with no apparent contribution on Indonesian forests. Jambi chapter of the group said on Wednesday said “We see the planned projects as a bid to avoid emission reduction obligations by Australia and the...
6 hours 8 min
Guyana Chronicle, 17 March 2010 | THE World Wildlife Fund (WWF) Guianas and Conservation International (CI) Guyana are urging this country to continue its thrust towards early development of a local carbon economy. The two non-governmental organisations in a joint statement yesterday said they recognize the importance and value of early movement towards a low carbon economy for sustained economic growth, while strengthening local livelihoods and ensuring both local and global climate security...
6 hours 31 min
Stabroek News, 17 March 2010 | There were concerns about the scope of government consultations on forest preservation plans, according to the Guyanese Organisation of Indigenous Peoples (GOIP), which said some meetings were “hurried” and that there were more questions than clear answers about policies. In a statement yesterday, GOIP corroborated recent concerns about the process voiced by some indigenous leaders, while objecting to “threats” and “scare tactics” reportedly used against those who...
6 hours 37 min
Habitat loss and climate change are having a serious impact on Europe’s butterflies, beetles and dragonflies. The release of the latest European Red List, commissioned by the European Commission, shows that 9% of butterflies, 11% of saproxylic beetles (i.e. beetles that depend on decaying wood) and 14% of dragonflies are threatened with extinction within Europe. Some species are so threatened that they are at risk of global extinction and are now included in the latest update of the IUCN...
7 hours 34 min
That "always darkest before the dawn” thing is the rule in paper pricing. "Need” has no impact on pricing, neither did the Black Liquor credits, and costs are of no consequence (except as costs relate to closures). So the legitimate question, when AbitibiBowater announced a $60/ton coated groundwoo
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8 hours 56 min
Currently, most of the tissue and packaging paper machines and some of the paper machines for printing/writing paper are small and they are made in China.
9 hours 58 min
Western Forest Products Inc. has announced that it has entered in a non-binding letter of intent with the Capital Regional District of Victoria, British Columbia for the sale of certain properties at the purchase price of $18.8 million dollars.
These properties, located in the southern portion of Vancouver Island, cover approximately 2,350 hectares, and include the Jordan River, Sooke Potholes and Weeks Lake areas.
While the parties are currently...
13 hours 35 min
Here's a way for Democrats to pass their ambitious healthcare and jobs proposals without looking like budget busters: Persuade Google to buy a pulp mill - specifically a U.S. mill that makes kraft pulp and its infamous by product, black liquor.
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14 hours 7 min
Summary Comments on the Fourth Quarter and the Annual Financial Results VANCOUVER, March 17 /CNW/ - TimberWest generated negative distributable cash for the fourth quarter of 2009 of $10.2 million which was a slight
15 hours 51 min
At a meeting in Paris last Thursday hosted by French President Nicola Sarkozy the first steps were taken to kick start a global REDD scheme to put an end to deforestation and build on the progress in Copenhagen. A ten nation steering group has been established to drive the implementation of a global avoided deforestation [...]
22 hours 8 min
By Mathew Murphy, Sydney Morning Herald, 12 March 2010 | A CARBON credits company, Prime Carbon, has been found guilty by the Federal Court of Australia of making misleading green claims. Prime Carbon is a private company that produces and trades carbon credits created through soil enhancement and carbon sequestration programs. Justice Jeffrey Spender found it was in breach of the Trade Practices Act between July 2008 and last December by claiming an association with the National Stock Exchange...
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