Saskatchewan establishes Right To Practice for foresters and technologists

May 22nd, 2013 | Posted in Misc. | No comments »

Forestry professionals who want to practice in Saskatchewan’s public forests must now demonstrate their qualifications and competence through registration with their professional association, similar to other professions like engineers and agrologists.

On May 15, amendments to The Forestry Professions Act were proclaimed, legally establishing the right to practice for Registered Professional Foresters and Registered Professional Forest Technologists. Now, anyone practicing professional forestry on forested Crown lands must be registered with the Association of Saskatchewan Forestry Professionals (ASFP) or work under the supervision of a registered member.

The ASFP works to establish and maintain high standards of ethics and excellence for its members in the professional practice of forestry. The association is governed by a council of elected members and one public representative.

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Brookfield Asset Management selling controlling stake in Twin Rivers Paper

May 22nd, 2013 | Posted in Mill Sales/Transfers | No comments »

Brookfield Asset Management Inc. is selling its controlling stake (51%) in Twin Rivers Paper Company to Blue Wolf Capital Partners and Atlas Holdings.

Twin Rivers Paper Company operates paper mills in Edmundston, New Brunswick and Madawaska, Maine, USA, and a lumber mill in Plaster Rock, New Brunswick.  The company was formed with the province of New Brunswick as a general partner and creditor after the bankruptcy of Fraser Papers in 2010.

Blue Wolf Capital Partners and Atlas Holdings previous owned the Northern Pulp mill in Nova Scotia.

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Environmental groups refuse to work with Resolute Forest Products under Canadian Boreal Forest Agreement

May 21st, 2013 | Posted in Woodlands | 1 comment »

From ForestEthics:

On the third anniversary of the signing of the historic Canadian Boreal Forest Agreement (CBFA), environmental signatories are suspending further work with Resolute Forest Products. They remain committed to continuing their work with other signatory companies to plan for protection of critical Boreal woodland caribou habitat and sustainable forest management practices.

“We are very pleased with the groundbreaking solutions for conservation we have forged under the CBFA with companies such as Tembec, Alberta Pacific Forest Industries, and Millar Western Forest Products in northeastern Ontario and Alberta respectively,” said Janet Sumner of the Canadian Parks and Wilderness Society (CPAWS).

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Resolute Forest Products comments on Canadian Boreal Forest Agreement

May 21st, 2013 | Posted in Woodlands | No comments »

Resolute Forest Products expressed the company’s disappointment that negotiations under the auspices of the Canadian Boreal Forest Agreement (CBFA) have broken down after three years of collaborative efforts.

Parties were unable to reach mutual agreement on a workable plan to jointly further conservation efforts while balancing environmental, social and economic considerations in the Canadian boreal forest.

The CBFA was signed by members of the Forest Products Association of Canada (FPAC), including Resolute, and a group of environmental organizations to establish a common framework to further support boreal conservation efforts while safeguarding the livelihood of thousands of citizens in communities that depend on healthy working forests.

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Saskatchewan creates a new provincial park – Great Blue Heron Provincial Park

May 16th, 2013 | Posted in Parks/Recreation | No comments »

Saskatchewan has created a new provincial park, named Great Blue Heron Provincial Park.

The new park, Saskatchewan’s 35th, is located north of Prince Albert in the area of Anglin and Emma Lakes and protects a total area of 11,168 hectares and contains almost 300 campsites.

The area offers the best of both worlds in this meeting point of parkland and northern forests.  Located at the gateway to the boreal forest, the park allows for great wildlife viewing opportunities, activities ranging from picnicking and hiking in the summer to cross-country skiing or ice fishing in the winter.

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Slave Lake arson investigation over – no charges laid

May 16th, 2013 | Posted in Forest Fires | No comments »

The investigation into the massive wildfires in Slave Lake two years ago is over and no charges have been laid.

On May 15, 2011, 40% of Slave Lake, Alberta was destroyed by wildfire.

Investigators believe the fire was likely caused by humans, but the RCMP have exhausted all their leads without being able to get enough evidence to press charges.

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New Brunswick declared free of brown spruce longhorn beetle

May 16th, 2013 | Posted in Pest Management | No comments »

Brown Spruce Longhorned BeetleNo new brown spruce longhorn beetles have been found in New Brunswick since the single adult beetle was found in Kouchibouguac National Park in 2011.

The Canadian Food Inspection Agency (CFIA) will continue to monitor about 200 traps across New Brunswick.

There is still an infestation in Nova Scotia. There are restrictions in place to contain and restrict the movement of spruce materials leaving Nova Scotia.

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Interfor reaches agreement to acquire Keadle Lumber in Georgia, USA

May 16th, 2013 | Posted in Mill Sales/Transfers | No comments »

International Forest Products (Interfor) has reached agreement in principle to acquire the assets of Keadle Lumber Enterprises Inc. of Thomaston, Georgia, USA.

Keadle is a well-regarded producer of high quality southern yellow pine lumber and has been in business since 1947. The mill currently produces 80 million board feet on a one – shift basis. Interfor intends to increase the mill’s kiln capacity and add a second shift to the operation, as market conditions improve, bringing production to an annual rate of 160 million board feet.

The Keadle mill is located approximately 75 miles west of Interfor’s recently acquired mill at Eatonton, Georgia and is part of the company’s strategy to grow its presence in the U.S. Southeast.

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Viridis Energy completes financing required to start up Scotia Atlantic Biomass

May 14th, 2013 | Posted in Financial News | No comments »

Viridis Energy Inc. has closed the second and final tranche of its $5,000,000 non-brokered private placement announced on April 3, 2013 with the placement of $2,000,000 of units sold under the terms previously disclosed.

The second tranche consisted of 20,000,000 units at a price of $0.10 per unit generating gross proceeds of $2,000,000. Each unit consists of one common share of the company and one-half of one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one common share of Viridis at any time within five years following the issuance of the warrant, subject to certain conditions, at an exercise price of $0.15 per share during the first twelve month period, $0.20 per share during the second twelve month period, $0.25 per share during the third twelve month period, $0.30 per share during the fourth twelve month period, and $0.35 per share during the fifth and final twelve month period. If the average trading price of the company’s common shares is $1.00 or greater for a period of 30 consecutive days, the company can accelerate the expiry period of the warrants by providing written notice of such acceleration by way of news release, such that the exercise period of the warrants will expire on the day that is 30 days after the date of such news release.

All securities issued pursuant to the second tranche of the Private Placement are subject to a hold period, which expires on September 14, 2013. No referral fee or commission was paid on this transaction.

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Conifex reports net income of $6.2 million in first quarter 2013

May 14th, 2013 | Posted in Financial News | No comments »

ConifexConifex Timber has reported a net income of $6.2 million for the first quarter of 2013 compared to a net loss of $3.6 million for the previous quarter and a net loss of $6.5 million for the first quarter of 2012.

Revenues totaled $66.2 million in the first quarter of 2013 compared to $60.0 million in the previous quarter and $47.4 million in the first quarter of 2012.

Lumber shipments totaled 137 million board feet during the first quarter of 2013 and included wholesale lumber shipments of 17 million board feet. Shipments of Conifex produced lumber increased by 9% over the previous quarter and 4% over the first quarter of 2012 but lagged current quarter production volumes by 4% with some of the shortfall attributable to a tightening in rail car supply which has since eased. An increase in unit gross sales and unit net mill realizations of approximately 19% over the previous quarter largely reflected the quarter over quarter movement in average benchmark lumber prices.

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