Call to research toxic bluegum leaves
March 1, 2010
Discovery of a link between bluegums and toxic water in Tasmania has led scientists to call for greater research into the issue, which could have implications across the Green Triangle.
“The problem is the trees keep getting bigger and more trees continue to be planted as well, so the biomass delivering the toxin is growing,” marine ecologist Marcus Scammell said. Read more
Machinery giant expects recovery
November 25, 2009
Komatsu Forest had expected to supply $32m worth of harvest machinery to Timbercorp over the coming four years for the looming bluegum harvest in its biggest Australian deal.
Those plans, which would have seen the global equipment manufacturer expand its South East workshop, collapsed with the downfall of the managed investment scheme company. Read more
Gunns commits to hardwood chip facility
November 2, 2009
The Port of Portland has today welcomed the signing of a lease by Gunns Limited committing it to develop and operate a second hardwood chip facility at the port.
The lease was approved and signed by the Boards of Gunns Limited and Port of Portland Pty Ltd following three months of negotiations and due diligence on the port site. Read more
Pulp mill in chip supply talks
October 8, 2009
The new owner of Timbercorp’s bluegum estate has entered discussions with Protavia to supply woodchips for the $1.5b Penola Pulp Mill.
Speculation had been rife that the Timbercorp collapse would mark the end of the major infrastructure project, which was left without the resource agreement needed to secure development of the approved project. Read more
Bluegum focus turns to exports
September 29, 2009
Hopes to secure the $1.5b Penola Pulp Mill could be lost if the consortium led by developer Protavia does not end up at the top of the list of bidders for Timbercorp’s forestry assets this week.
Port of Portland chief executive Scott Paterson told The Border Watch at Friday’s opening of the Myamyn chip mill that activity in the bluegum sector was moving toward export of chips to Japan and beyond into China and Asia. Read more
Chip mill opens for business
September 29, 2009
Close to half of the Green Triangle’s annual bluegum harvest could be chipped at the $32m South West Fibre mill at Myamyn, near Heywood. Read more
Timbercorp turmoil continues
September 22, 2009
Paul O’Brien’s contracting firm employed 40 people establishing and maintaining plantations at the peak of the Green Triangle’s bluegum boom.
Today, he has one worker left helping him prepare $2m worth of idle machinery for sale after activity stalled following the collapse of Timbercorp and Great Southern. Read more
Bluegum fire fears raised
September 8, 2009
Penola man Duan Butler has called on Wattle Range Council to enter discussions tonight about how to deliver a safer environment for residents during the approaching fire season, claiming the spread of bluegum plantations across the region over recent years has led to increased hazards.
Mr Butler has written to council’s mayor and chief executive, calling for his letter to be tabled and talks to begin at tonight’s meeting after he raised planning concerns with the state ombudsman. Read more
Gunns confirms interest in Timbercorp
August 31, 2009
Tasmanian timber giant Gunns has publicly confirmed speculation it will seek to expand its growing forestry venture by acquiring a stake in the assets of collapsed managed investment scheme companies Timbercorp and Great Southern.
Gunns announced a $56.2m full-year profit to the Australian Stock Exchange yesterday, a decline of 4.9pc on the previous year. Read more
Bluegums revert to pasture
August 27, 2009
A Penola contractor whose machinery has been left idle as work in Timbercorp and Great Southern bluegum plantations remains at a standstill has stepped up activity on returning neighbouring plantations to pasture.
Max Grant of Southern Blue Forestry Services told The Border Watch he had begun receiving responses from his advertisements offering to convert bluegums back to farmland. Read more
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