Fairfax Financial Holdings Ltd. has reported quarterly earnings of $325.2 million (U.S.) compared to a profit of $275.4 million a year ago.
Revenue for the quarter amounted to $1.81 billion, up from $1.74 billion.
Fairfax is a holding company which through subsidiaries writes property insurance, reinsurance and provides investment management services around the world.
With more than 5,000 employees, Fairfax operates through Northbridge Financial,...
A firefighting helicopter has crashed near Lillooet, British Columbia. Fortunately both men aboard have survived the crash.
The pilot was taken to Royal Inland Hospital in Kamloops with pain in his legs, while the co-pilot is being kept in hospital in Lillooet for observation.
The helicopter, a Bell 214, was contracted out for fire control from TransWest Helicopters.
A forest fire, sparked on July 21 by lighting, is...
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TimberWest Forest Corp. has just taken extra steps to reduce the risk of wildfire on its private managed forest lands in British Columbia.
"Much of our land base is in close proximity to neighboring communities and the last thing we want is an interface fire," says TimberWest Vice President Timberland Operations, Dave Whiteley.
While the fire danger rating is extreme, TimberWest harvesting operations have been curtailed to reduce the chance...
Canfor Corporation has reported total net income of $40.4 million for the second quarter of 2010, compared to $32.5 million for the first quarter of 2010 and $12.1 million for the second quarter of 2009.
The solid wood price rally that commenced in early 2010 came to an abrupt end mid-way through the second quarter. After peaking at their highest levels in several years in April and early May, Western SPF and SYP lumber prices fell off sharply over the balance of...
Tembec has posted a third quarter profit of $59 million (Cdn), or 59 Canadian cents a share, compared with a net loss of $38 million, or 38 Canadian cents a share a year earlier.
The June quarterly earnings before depreciation, amortization and other specific or non-recurring items (EBITDA) of $60 million was a significant improvement over the prior quarter and well ahead of fiscal 2009 performance.
All of Tembec's business segments experienced improved...
Tiger Monitoring in Chitwan National Park was conducted from 7th December, 2009 to 22nd March 2010 (22 Mangsir-8 Chaitra, 2067 BS) in the coordination of Department of National Parks and Wildlife Conservation (DNPWC) with the support of WWF Nepal and National Trust for Nature Conservation (NTNC). First one month was used for sign survey and remaining 62 days was spent on camera trapping.
...TimberWest Forest Corp. posted its strongest normalized quarterly results in three years generating positive EBITDA of $9.7 million and positive distributable cash of $4.0 million in Q2, 2010. This compares to an EBITDA loss of $3.7 million and a distributable cash loss of $5.4 million in Q2, 2009.
TimberWest attributed its improved performance to an increase in sales and prices both domestically and abroad during the quarter. Strong Asian sales, lower unit costs of...
Guanacaste, Costa Rica, 2-6 of May 2011. CATIE in cooperation with FAO and TEAKNET will organise in 2011 an international forestry conference that will focus on planted teak forests as a globally emerging forest resource. The conference will offer the opportunity to..
