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50-year milestone in timber industry

September 8, 2009

Donald Burns

Donald Burns has worked in the timber industry for 50 years.

Donald Burns has seen the region’s timber mills transformed by huge developments in technology, safety and worker comfort over his half a century in the industry. Read more

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Gunns may quit old convent building

February 3, 2009

Timber giant Gunns Ltd has said the company could remain based in Mount Gambier’s old convent building if a sub-tenant can be found.

Gunns Timber Products chief executive Greg L’Estrange said the company was in the process of integrating Auspine into the Gunns business. Read more

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Gunns sells former Auspine plantations

November 25, 2008

Three quarters of the pine plantations formerly owned by Auspine in the Green Triangle have been sold to an American investment management firm for $175m.

Gunns Limited, which took over the South East timber giant in February, announced to the stock exchange today it had sold 33,000 hectares of softwood plantations in the region. Read more

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Auspine jobs under review

October 28, 2008

Gunns Limited yesterday could not rule out job losses at its Auspine Mount Gambier headquarters and Tarpeena operations, following what it described as an “extremely difficult” Australian market.

The timber giant has begun rationalising its corporate staff at the former convent, which included the departure of former Auspine chief executive Andrew Jakab. Read more

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Port and Auspine celebrate milestone

September 29, 2008

Leading forest products company Auspine and the Port of Portland today marked a significant milestone in their relationship – the export of 10 million tonnes of woodchips.

The milestone was reached on Monday with the loading of the woodchip carrier, MV Global Explorer, at the Port of Portland. Read more

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Gunns shares voluntarily suspended

August 27, 2008

Gunns Limited shares went into voluntary suspension today, extending a trading halt which began last Thursday.

Shares are now not expected to resume trading until next Wednesday. Read more

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Gunns Ltd shares halt trading

August 21, 2008

Gunns Ltd shares halted trading on the Australian Securities Exchange this morning as speculation mounted regarding a proposed capital raising.

The Financial Review reported the forestry group, which owns Auspine, was seeking up to $400m to help finance its plans for a pulp mill in Tasmania. Read more

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Gunns Ltd shares tumble 6.93pc

August 15, 2008

Gunns Ltd shares tumbled nearly 7pc on Friday after the company flagged its full-year profit would be lower than the previous year.

Unaudited NPAT for fiscal 2008 was estimated at $67 million, down 24pc, based on preliminary, unaudited figures. Read more

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