Gunns Update
Aug. 21st, 2008 07:35 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
xenithThere's been a bit about Gunns & their pulp mill in the news this week, so I'll see if I can hit the main points.
Trading halt on Gunns shares
The Australian Stock Exchange has announced a halt on the trading of Gunns shares. The halt comes ahead of an announcement by the company. Gunns' falling share price has re-ignited speculation about the company going into partnership with an overseas pulp and paper company to build its Tamar Valley pulp mill. Shares in the Tasmanian timber company fell four per cent yesterday, resulting in a total fall this week of more than 25 per cent. There is speculation the company may announce a rights issue in coming days to raise capital. Timber industry analyst Robert Eastment has told ABC Local Radio that Gunns has flagged Scandanavian pulp and paper company Sodra as a possible business partner. More
Gunns court payout
Greens Senator, Bob Brown, says the Victorian Supreme Court yesterday ordered Gunns to pay $52,000 to himself and former Tasmanian Greens leader, Peg Putt, after it failed to proceed with civil charges in the so-called Gunns 20 case.
Gunns initially wanted to sue 20 conservationists on the grounds that their anti-logging activities damaged the company's business, but it later dropped the claims. More
Mill's climate change impact positive: Gunns
A representative of timber company Gunns has told a public forum in Launceston the proposed pulp mill would have a positive effect on climate change. More than 200 people attended last night's forum organised by Environment Tasmania to explore issues surrounding the mill and climate change.
Gunns Resource and Sustainability Manager, Carlton Frame, told the forum the proposed pulp mill at Bell Bay would make a positive contribution by generating clean and green electricity which would replace fossil fuel energy, and through reducing transport emissions. More
Legal attack on pulp mill launched
Three Tamar Valley business operators have lodged applications with the Supreme Court of Tasmania seeking to force the Tasmanian Government to reveal its reasons for granting the pulp mill permit. More
Trading halt on Gunns shares
The Australian Stock Exchange has announced a halt on the trading of Gunns shares. The halt comes ahead of an announcement by the company. Gunns' falling share price has re-ignited speculation about the company going into partnership with an overseas pulp and paper company to build its Tamar Valley pulp mill. Shares in the Tasmanian timber company fell four per cent yesterday, resulting in a total fall this week of more than 25 per cent. There is speculation the company may announce a rights issue in coming days to raise capital. Timber industry analyst Robert Eastment has told ABC Local Radio that Gunns has flagged Scandanavian pulp and paper company Sodra as a possible business partner. More
Gunns court payout
Greens Senator, Bob Brown, says the Victorian Supreme Court yesterday ordered Gunns to pay $52,000 to himself and former Tasmanian Greens leader, Peg Putt, after it failed to proceed with civil charges in the so-called Gunns 20 case.
Gunns initially wanted to sue 20 conservationists on the grounds that their anti-logging activities damaged the company's business, but it later dropped the claims. More
Mill's climate change impact positive: Gunns
A representative of timber company Gunns has told a public forum in Launceston the proposed pulp mill would have a positive effect on climate change. More than 200 people attended last night's forum organised by Environment Tasmania to explore issues surrounding the mill and climate change.
Gunns Resource and Sustainability Manager, Carlton Frame, told the forum the proposed pulp mill at Bell Bay would make a positive contribution by generating clean and green electricity which would replace fossil fuel energy, and through reducing transport emissions. More
Legal attack on pulp mill launched
Three Tamar Valley business operators have lodged applications with the Supreme Court of Tasmania seeking to force the Tasmanian Government to reveal its reasons for granting the pulp mill permit. More
