Author Archives: dansomers
India Closes Its Forests to Mining
This week the Financial Times reported that due to the environmental concerns surrounding forestry areas the Indian government is set to prevent mining firms from tapping 35% of the country’s coal reserves. The report said that the decision to ensure … Continue reading
Chavez meets Lula
Last week Venezuelan President Hugo Chavez arrived in Brasilia to meet his Brazilian counterpart President Luiz Inacio Lula da Silva. Lula and Chavez met ahead of the summit of the Union of South American Nations (UNASUR), which is to take … Continue reading
Lula Champions Biofuel
Efforts to industrialise the Amazon region with initiatives such as the cultivation of palm oil for biofuel production and the planting of forestry plantations on degraded land have the added benefit of being championed by none other than the Brazilian … Continue reading
Investing in Steel
Last year the Chinese government determined that it had over stimulated its sprawling economy with cheap credit and direct outlays. In a bid to curtail these activities the government is now upping the amount of funds that banks must hold … Continue reading
New Zealand Cut Their Tree Planting Programme
In a move that has been called short sighted by the Farm Forestry Association, New Zealand’s government is planning to cut more than NZ$8 million from a fund designed to promote new tree planting. The announcement of the funding cut … Continue reading
Pulp and Paper Crisis in Australia
A recently released report has found that the Australian pulp and paper industry is in danger of collapse with employment, investment and exports all falling. Roughly 19,000 people are employed by the $12 billion industry, which has been hard hit … Continue reading
Super Fund boosted by Global Equity Markets
Last March the New Zealand Superannuation Fund made $679 million on its $14.88 billion of investment funds, which works out at a 4.29% paper return. The fund has achieved a $30.02 billion net gain, which is 22.27% for the 2009/2010 … Continue reading
Forestry News From Australia
With the collapse of the largest two agribusiness companies last year in Australia the Australian Securities and Investments Commission has released a consultation paper called ‘Agribusiness Managed Investment Schemes: Improving Disclosure for Retail Investors’. This paper outlines a plan for … Continue reading
Australia Sells Off Some of its Forests
The Queensland Greens reported that the State Government plans to sell off forestry assets will result in the loss of hundreds of jobs and put the economic and environmental future of the Gympie Region in jeopardy. Dr. Jim McDonald the … Continue reading
Dynea focuses on Brazil Operations
It was announced by iDynea Oy that its subsidiary Dynea AS sold its 50% share in Dynea Brasil S.A, a Brazilian joint venture company to JV partner Arauco do Brasil S.A. Owned by Chilean Group Arauco, Arauco do Brasil S.A. … Continue reading
