Apr. 16th, 2009

xenith: (Black Scales)
Gunns still optimistic in finding mill partner

Tasmania's timber giant Gunns has indicated it is still searching overseas for a joint-venture partner to build its controversial pulp mill proposed for the Tamar Valley.

Gunns' latest statement to the Stock Exchange says it expects to announce finance for the $2 billion project by the end of this month.

In February, Gunns chairman John Gay told the stock market construction of the pulp mill would start as soon as financial closure was achieved.

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