Central Newfoundland Timber Resources for Sale

The Government of Newfoundland said this week negotiations are still ongoing with a California-based company interested in timber resources in central Newfoundland, according to VOCM radio Wednesday.
Rentech is looking to produce wood pellets in Canada; it already has access to wood resources in Ontario. Up for grabs is the 280,000 cubic metres of wood that once belonged to Abitibi-Bowater in Grand Falls-Windsor.
Negotiations with Rentech started last April but a deal hasn’t yet been reached. In the Legislature yesterday, the Liberals looked for an update.
Minister Responsible for Forestry, Vaughn Granter noted the competitiveness of the industry. Granter says the province realizes the importance of such a deal to Central Newfoundland and is concerned about the industry on the Northern Peninsula. He says negotiations are getting down into the fine details. Granter says Rentech is interested in Newfoundland.