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Under the agreement, the syndicate has agreed to purchase 9,000,000 common shares of the Corporation ("Common Shares") at a purchase price of $16.70 per Common Share, for gross proceeds of $150,300,000. Of those Common Shares, 8,680,000 Common Shares will be offered by Brookfield's wholly-owned subsidiary and 320,000 Common Shares will be offered by management of the corporation. In addition, Brookfield's wholly-owned subsidiary has granted the underwriters an over-allotment option, exercisable in whole or in part at any time for a period of 30 days from closing, to purchase up to an additional 900,000 Common Shares held by Brookfield's wholly-owned subsidiary. Brookfield and its affiliates currently own approximately 73% of the Corporation's 43.2 million common shares outstanding. Upon completion of the Offering, but before giving effect to the over-allotment option, Brookfield and its affiliates will own approximately 22.8 million Common Shares, representing a 53% interest in the Corporation. "Brookfield is a long-standing and supportive shareholder," said Barrie Shineton, President and CEO of Norbord Inc. "I view their ownership level adjustment as a positive development for Norbord as it increases the number of shares in our trading float available to investors." Shares held by Mr. Shineton and Robin Lampard, Senior Vice President and Chief Financial Officer of the Corporation representing less than 4% of the total offering will also be included in the agreement. Participation in the offering by Mr. Shineton and Ms Lampard relates to personal financial planning objectives. Proceeding in this way also provides greater transparency to the market by declaring management's intentions in advance rather than after the fact. Both executives continue to hold a significant personal investment in Norbord. The Corporation intends to file a short form prospectus in all provinces and territories of Canada in connection with the Offering. The Offering is expected to close on or about March 30, 2010. Closing is subject to a number of customary conditions, including receipt of all necessary regulatory approvals. The Corporation will not receive any proceeds from the Offering.
Results are expected in the next few days on a vote by workers at the country's No. 2 lumber producer Canfor Corp. on a contract the union hopes will set a pattern for B.C.'s other sawmills. The tentative four-year deal with Canfor has no wage hike in the first two years, two per cent in the third and fourth years, and is structured to help restart idled sawmills as the lumber market recovers, Bob Matters, chairman of the United Steelworkers Wood Council, said Tuesday. "We do expect it to be the pattern agreement for talks with the other employers," Matters said. The more than 1,600 workers at 15 Canfor mills in B.C.'s northern and southern interior regions have been voting on the deal over the past week. The union agreed to defer some holiday and vacation pay as an incentive for Canfor to invest in equipment to upgrade its sawmills, while workers laid off in partial mill shutdowns will receive more severance protection. Workers laid off from mills in isolated rural communities were also given stronger seniority rights as an incentive to return as the plants resume production, Matters said.
With the public comment period coming to a quick halt March 8, Madawaska Valley Township council is making one last ditch effort and hoping the local community will chime in too over the proposed Algonquin Provincial Park Management Plan to lighten the footprint of logging there. With the Ministry of Natural Resources (MNR) posting its final calls for comments, mostly available over the Internet, but also in person at the offices in Whitney, MY has gone the traditional route to save its traditional industry, setting pen to paper and circulating the document throughout town for supporting signatures. The draft letter was at MV council Monday night for final approval of the wording and is being circulated throughout town as a form letter, allowing people to sign their own names and make private notes to the powers that be as council attempts to sway the MNR away from further lumber limits in the park. CAO PAT Pilgrim said she has about 1,300 copies available at most of the local sawmills, in local businesses and at the township office. Concerned lightening the logging footprint will mean a severe loss of jobs in a community already hard hit by the current economies, MY is appealing that the current proposed plan will have negative impacts. While the hope was Mayor /John Hildebrandt would be able to hand-deliver every signed copy to Minister Linda Jeffrey personally, council decided Monday night to send it via priority mail to ensure the deadline is met. The letter states that "we are writing to ask your ministry, again, to defer any further action on the implementation of the Lightening the Ecological Footprint of Logging in Algonquin Park recommendations until a full economic impact analysis has been conducted (e.g. loss of fibre, loss of jobs, impact on local communities)." Attacking the province's supposed public consultations on the proposals Mayor Hildebrandt said no local industry insiders were part of the process nor were local municipalities that cohinual1y request to have their say in a meaningful pubic forum. "They always make reference to these public consultations it wasn't with anybody in the industry," he said. "It was in Toronto with the environmental groups." As such, the letter continues, "Minister Jeffrey - the only people that I have seen support this initiative is associated with special interest campaign organizations in the Greater Toronto Area (GTA) that are using this issue as a fundraising campaign. I do not believe the report reflects the input of an)1 organizations or communities that will be impacted by the recommendations and that will have to live with the results. "As a citizen of Ontario, and more specifically as a citizen that will be impacted by these recommendations, I am very concerned with the social and economic impacts of this initiative As stated by the Algonquin Forest Authority (AFA), a co-author of the report, in the report itself 'The AFA has expressed reservations about the Proposal, as they are unable to say with certainty that this Proposal will not negatively impact the forest industry and local communities '." Council hopes anyone interested will pick up a copy and sign .it so there will be a swath of responses from the local area. Mrs. Pilgrim pointed out the real crux of the letter is that there is some form of evidence produced to support the MNR's proposal. "There is no documentation to support this and that is our argument," she said. Mayor Hildebrandt was at the Ontario Forest Industry Association convention in Toronto last Thursday when the new minister, Linda Jeffrey, addressed the Algonquin logging issue with the organization. He isn't overly confident, having heard her speak last week. "I got the impression she was very much in favour of what they are suggesting. It didn't appear to me we're going to change her mind; she pretty much said that," he said. "But its another step in the right direction, so I support it (the letter)."
Just like growing a healthy child, it takes a community to raise a healthy forest too. Planted some 44 years ago by the Stuber family, along with friends and neighbours in the Augsburg region, a major 85,000 red pine tree stand on Silver Lake Road has been getting some much-needed, tender loving care for just the second time in those four decades. Drawing great attention from the curious surrounding community the last few weeks, like seeing something from veritable days of yore, three tall and proud teams of Belgian horses skidded out the worst of the lot, leaving behind a healthy again red pine tree stand in its place. Property owner Wesley Stuber, who inherited the Silver Lake Road lot from his father, John and will pass it down to his son, Darrell when the time comes, watched proudly as a project he began almost 45 years ago begins to bear fruit. It was the scrawny, flawed and sun-deprived trees the Will O'Brien Horse Logging crews of Eganville were hunting for this trip to be used in flooring, furnishings or scrap through both the Herb Shaw and Sons and Lavern Heideman and Sons mills. But the main goal was to clean out the bush lot of the runts, so the remaining trees can grow to their limits. "There will be hydro poles coming out of here one day," Mr. Stuber said this past Wednesday, watching as the O'Brien crews slugged back and forth from the woods to the main drive where modem trucks awaited their four-legged, historic counterparts. "It won't be in my life time, but I knew that when I started this 44 years ago. I just wanted a healthy forest that I'll pass on to my son and with the incredible work they're (the O'Brien family) doing, it looks like that's what we'll have." "It's something to see," he added, as the O'Brien family ferried red pine from the woods to the front lot for loading. "They (the O'Briens) do an incredible job of clearing out the waste, they know what they're looking for and do an incredible job." Thought to be the last full-time horse logging operation still thriving in the Valley, the O'Briens actually have five teams of Belgians, using three for this several-week long project. Owner Willie O'Brien said for him, there is no substitute for the old-fashioned way when treating a forest. As an added bonus, several of his children and brothers are involved, handling the horses that too, are just like family. "They (horses) make a much better job of the bush," he said. "It's cleaner and they do a great job getting into most places." Operating his horse skidding business full-time since 1997, Mr. O'Brien said they go year-round, even in the blustery cold of the last few weeks, and little can slow their pace. Recently, although not the coldest by any means of recent days, the O'Brien crew and their three teams skidded out three full tractor trailer loads of scrap pine before the noon hour alone-- that's about 32 tonnes to a load. "Machinery won't get you there any quicker and the horses don't damage the bush," Mr. Stuber explained. "Plus they're so majestic, so calm; just beautiful to see. A perfect winter scene." The 85,000 trees were planted as part of a forestation program to create healthy wood lots for harvest. A life long worker in the bush, Mr. Stuber said he first learned the tricks of the trade from his father, John from the ripe age of 16. "I learned to respect the woods," he said. "A lot of these trees are stunted now so we need to clear them out ... the rest should be able to grow another 10 feet." Mr. Stuber's son, Darrell, fondly recalls the day they planted the lot, he no taller than the knees of the horses working away. The family had friends and neighbours over and with pails in hand, hitting what was once a plowed and gently rolling field, "jumping over the garter snakes", the junior Mr. Stuber said. He added that a small portion of the lot had suffered with a parasitic worm problem, and by opening up the thick canopy it allows a little more cold air in to help kill off the blight. The worms can't survive in temperatures in the minus 30 to 40 range and by removing the surrounding trees, they've also helped stop its spread and have it under control. Mr. Stuber said this is just the second time in the last 44 years the lot has needed trimming out. He said the first time, however, was only a minor trim, and done with machinery; he wasn't nearly as pleased with the results. "This time it's perfect though," Mr. Stuber said. "Now we're creating a healthy forest. I think the community will be happy with what we've been able to do here."  

The independent Sustainable Forestry Initiative program - one of the world's leading third-party forest certification programs - continues to grow exponentially, recently achieving 2,000 chain-of-custody certified locations. "The SFI program is experiencing astounding growth - companies and buyers alike clearly appreciate our ability to strengthen forest management across North America and avoid unwanted offshore sources," SFI President and CEO Kathy Abusow said today. "At the start of 2007, we had 48 certified locations. Two years later, this had climbed to more than 1,000, and now there are more than 2,000. We have gone from approving five label use requests a year to more than five a day." The wide range of services, goods and locations means buyers can find SFI-labeled products to meet any need - whether it is furniture, lumber for their home, or paper for their office. A wide selection of popular products - from cosmetics to food to shoes - come in SFI-labeled packaging. There are even compostable paper cups made with fiber from forests certified to the SFI Standard. By using the SFI label, companies can demonstrate they are doing their part to reward responsible forestry. The SFI forest standard is based on 14 core principles that promote sustainable forest management, including measures to protect water quality, biodiversity, wildlife habitat, species at risk, and Forests with Exceptional Conservation Value. Organizations certified to the SFI program range from small printers and lumberyards to international entities with more than 100 locations. They include 579 printers, as well as publishers, distributors, home building centers, mills, paper merchants, packaging companies, wholesale lumber companies, and more. They are found in every corner of the United States and Canada, as well as in Italy, Mexico, France, China, Hong Kong, Switzerland, the United Kingdom, Colombia, El Salvador and Switzerland. The non-profit SFI is a comprehensive, independent certification program that works with environmental, social and industry partners to promote responsible forest management in North America and responsible fiber sourcing worldwide. Close to 196 million acres/80 million hectares are certified to the SFI forest management standard in North America - making it the largest single standard in the world. Through SFI chain-of-custody certification, companies must have a tracking system in place so they can tell buyers how much certified, responsibly sourced and/or recycled content is in a product. The SFI program also has unique fiber sourcing requirements that promote responsible forest management on all suppliers' lands in North America.
Catalyst Paper has resubmitted a proposal to the union that could allow for the restart of the Elk Falls paper mill at a labour cost, all in, of approximately $40 per hour. This reflects current market realities and includes changes to wages and benefits similar to those already implemented with management and staff employees. The company also indicated that, to date, 63 per cent of eligible hourly workers at the Elk Falls operation have elected the severance option arising from indefinite curtailment of the mill since February 2009. "With a competitive cost structure, there could be a future for Elk Falls mill and to that end we presented employees with a proposal that could lead to the restart of two specialty paper machines at the mill," said Richard Garneau, president and chief executive officer. "Nonetheless, we also recognize that electing to take severance is a personal choice. "We hope the remaining employees want and will be given the chance to return to work and to continue to live in the community. We appreciate the Campbell River Mayor has shown strong commitment to preserving jobs through an agreement in principle that would address Class 4 property tax sustainability. And, while there are no guarantees that we will be able to overcome fibre supply shortages or acquire the customer orders necessary to restart, we know the outcome for this mill and community if nothing is done," he added. Hourly employees at Elk Falls are represented by Communications, Energy and Paperworkers Union of Canada (CEP) locals 630 and 1123. Approximately 225 hourly workers have taken this option with an average severance payout of $57,000 per employee.
By
Wood Resources International LLC
Softwood lumber prices were up in both North America and Europe in the 4Q, but it was more the result of lower inventory levels and reduced production rather than an increase in demand, reports the Wood Resource Quarterly. The hot market for lumber last year was China, which increased imports by 75% thereby passing Japan as the largest importer in Asia. Prices for most lumber grades in the US were higher in December than at any other time during 2009. The Random Length Framing Composite Lumber Index, which consists of a basket of 12 different species and grades, did go up almost 25% last year. In December, the Index was at its the highest point in 15 months. These price increases were a reflection of low lumber inventories and reduced supply rather than an increase in demand. Lumber production in the Western US was down just over 20% last year, while sawmills in the US South produced 24% less lumber in 2009 than in the previous year. Sawmills in Canada continued to run at historically low operating rates in the 4Q/09. The production as percent of practical capacity was just 45% in December. This was down from 52% in November, but still higher than in the same month in 2008. Sawmills in British Columbia have run slightly better than the rest of the country, thanks to improved sales to Asia. Exports to this region were 14% higher in 2009 than in 2008. Exports to China showed the greatest increase by volume; this market is now bigger than that of Japan. It is interesting to note that Canada’s lumber exports to Asia accounted for 23% of all exports in the 4Q compared to 13% in 2008, but only 7% five years ago. Lumber prices were fairly stable during the fall last year, but started to move up in December to levels not seen in over a year. Lumber prices in the Nordic countries continued upward for the second half of 2009 and were higher than in late 2008. Prices in Sweden went up faster than in neighbouring Finland, reaching US$300/m3 late last year, according to the Wood Resource Quarterly. The sawmilling sectors in both countries are very dependent on the exportation of lumber market, and that market developed quite differently for the two countries in 2009. Swedish sawmills gained market shares over Finnish mills in many countries, mainly as a result of lower production costs (largely lower log costs) combined with a favourable exchange rate. While lumber exports from Sweden were slightly higher in 2009 as compared to 2008, exports from Finland fell 16% in 2009. Demand for lumber in Japan is still much lower than a year ago. Domestic lumber production declined 15% in 2009, and imports of softwood lumber were down 14%. Canada and Finland have reduced their presence the most, while Sweden, Russia and the US actually increased their shipments and markets shares in 2009. Lumber prices have not changed much in Yen terms, but they have declined slightly in US dollar terms during the 4Q/09 because of the strengthening Yen.
Davis Forestry Ltd has been appointed Sole Canadian agent for the full line of Binderberger Forestry equipment, from Austria . Davis Forestry of Campbellford Ontario carries a variety of Firewood Processors to meet your needs including products from their earlier suppliers and Binderberger. Click on a machine on their website to view more details or follow the links to visit our supplier’s websites. www.davisforestry.ca 'Binderberger Maschinenbau GmbH' was established in 1930 in Austria. The company is privately owned. It is presently held by the third generation, Mr. Karl Binderberger. The first Benderberger products were liquid manure mixers and some small trailers and agriculture machinery. Since the early 1970's 'Binderberger' has been manufacturing hydraulic log splitters. The first log splitters were with a drilling cone. For safety reasons 'Binderberger' started in late 70's with the first hydraulic log splitters. The main Binderberger products are circular saws, log splitters for commercial and domestic use, fully automatic and manually operated firewood processors, log trailers and much more … 'Binderberger' products are well known throughout the world for their stability, manufacturing and product quality, reliability and zinc coating to avoid rust. "With the Power of Quality!" "80 Years Binderberger, our Experience is your Benefit!" 
Arnold Bercov, president of the Pulp, Paper and Workers of Canada (PPWC), Local 8, which represents workers at Harmac, said the idea is to set up an employee-ownership model similar to Harmac's and move the mill, which has been closed for more than a year, to Harmac's 500 hectares of land at Duke Point. Western Forest Products (WFP) leases the land for its downtown mill from the Nanaimo Port Authority. But Bercov said the discussions are at an early stage and acknowledged there are many obstacles to overcome before the plan could become a reality, including the fact that workers at WFP's mill are represented by the United Steelworkers and it's expected employees at a mill located on Harmac property would be required to be members of the PPWC. Darrel Wong, president of the United Steelworkers Local 1-1937, which represents WFP's workers in Nanaimo, said there have been "some conversations" between his union and the PPWC on moving the downtown mill, in whole or in parts, to the Harmac site, but he agreed that there are a number of contentious issues that would have to be dealt with first, including union certification. He said that with all the issues involved there is only a "remote possibility" that the plan will move forward. Bercov said there wasn't much confidence that the plan by Harmac's workers to buy their mill would succeed when it was first proposed in 2008 either, but it turned out to be a successful venture. "We need to do something to save our mills before we lose all of our raw logs to exports," Bercov said. "We realize that it's a very complicated proposal that involves resolving numerous union issues and having to raise the money to make it a reality, but we have the experience in this type of project and we really want to give it a shot." Bercov said the plan could see WFP supply the mill and remain a part of the management of the operation. Nanaimo Forest Products (Harmac's owners) would supply the land for the mill and the workers would buy into the operation and become part owners. If the project proceeds, the mill could also be a vital source of wood fibre for Harmac. Bercov said the original plan called for moving WFP's closed Ladysmith mill (whose workers are represented by PPWC) to the Harmac site, but after discussions with WFP a decision was made to focus on WFP's downtown mill. Frasher couldn't be immediately reached for comment. In a letter to union members, Brian Butler, a vice-president of the local Steelworkers, said the union would not agree to mill jobs going to PPWC members, as has been suggested. He said the union is more focused at this time on the issue of severance payments for employees at WFP's closed mills.
Last month, a band of resolute preservationists issued a public call for “at least” half of the entire landmass of British Columbia to be turned into parkland or protected space in order to both combat global warming and protect plants and animals that are threatened by warmer temperatures. The report, titled A New Climate for Conservation and prepared by a “forest ecologist” on behalf of seven well-established eco-groups, including the David Suzuki Foundation and the Yellowstone to Yukon Conservation Initiative (also known as Y2Y), paints a bleak picture of environmental collapse and species extermination due to global warming. This, despite such recent grudging admissions from others in the alarmist camp that no statistically significant warming has actually occurred over the past 15 years. The doom-and-gloom purveyors allege that climate change “will likely cause more dire consequences for fragmented or degraded ecosystems” in B.C. Their report is accompanied by a letter from several scientists to B.C. Premier Gordon Campbell, which goes a rather significant step further by declaring: “The forecast warming of the Earth’s climate threatens life as we know it for all species — including humans — in British Columbia and across the planet.” Act now or we all die! Thanks to a massive preservation initiative two decades ago, about 15% of B.C. is already locked up in eco-preserves and parks. But today’s greens want to more than triple that amount so that upwards of 50% of the province’s 945,000 square kilometres — or an area about the size of Sweden — will be off-limits to human habitation, exploitation and development — all broadly characterized as “industrial activity.” But, surely, no price is too high to save the province and the world from global warming, right? But wait a minute. Haven’t groups such as the Western Canada Wilderness Committee been calling for this sort of immense preservation project for years now and, more tellingly, haven’t their calls been based, not necessarily on fighting global warming, but on the more ephemeral desire to foster biological diversity by “re-wilding” the province? The short answer is: Yes. There has, indeed, long been a campaign by some of the more entrenched eco-groups in North America to freeze a massive amount of land throughout the continent on the broad grounds that a healthy ecosystem needs far more space in which to stretch its wings than is currently allotted by us greedy and land-hungry humans. One gets the sense, then, that the New Climate report is actually a fresh and convenient coat of green paint slapped on an old preservationist campaign which, while portraying itself as earth-friendly, also has deep and disturbingly anti-human roots. Consider this: The original organizers of, for example, the U.S.-based Wildlands Project (now called the Wildlands Network) were clear about their ultimate goal. “Does … the Wildlands Project advocate an end of industrial civilization? Most assuredly,” John Davis, editor of Wild Earth magazine, notoriously declared. “Everything civilized must go.” Less inflammatory but equally provocative was this declaration from the Wildlands Project’s Reed Noss: “The collective needs of non-human species must take precedence over the needs and desires of humans.” Today’s Wildlands Network puts on a more civilized face, but the general aim is the same: to create gigantic areas of green space, linked by broad corridors of natural pathways. Perhaps the most ambitious proponent of this re-wilding and re-connecting movement has been the aforementioned Y2Y organization which, as its name suggests, has as its goal the creation of a gigantic wildlife superhighway linking Yellowstone Park in the U.S. to the Yukon Territory in Canada. When presented simply as a way to enhance the flora and fauna, such a grandiose and economically destructive plan would and, indeed, has already failed to gain traction. But wrapped in a convenient, although increasingly discredited, cloak of climate-change rhetoric, the likelihood of its success undoubtedly increases, even as the likelihood of growth for such vital wealth- and job-creating industries as mining and forestry decreases.
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