Western Forest Products and the Tla’amin Nation say they have completed a deal that transfers ownership of a major forestry operation to the First Nation. A joint statement says the Tla’amin forestry arm has acquired a 100 per cent ownership interest in the Stillwater Forest Operation near Powell River, B.C., for about $80 million after adjustments. It says the operation spans about 1,540 square kilometres of land, most of which is located on Tla’amin traditional territory on B.C.’s Sunshine Coast. The statement says the nation, through its forestry business, will manage an annual allowable cut of 469,200 cubic metres of timber from the tree farm licence. It notes the nation’s forestry business and Western Forest Products have at the same time entered into a long-term fibre supply agreement to sell… <\/p>\n
Western Forest Products and the Tla’amin Nation say they have completed a deal that transfers ownership of a major forestry operation to the First Nation. A joint statement says the Tla’amin forestry arm has acquired a 100 per cent ownership interest in the Stillwater Forest Operation near Powell River, B.C., for about $80 million after adjustments. It says the operation spans about 1,540 square kilometres of land, most of which is located on Tla’amin traditional territory on B.C.’s Sunshine Coast. The statement says the nation, through its forestry business, will manage an annual allowable cut of 469,200 cubic metres of timber from the tree farm licence. It notes the nation’s forestry business and Western Forest Products have at the same time entered into a long-term fibre supply agreement to sell... <\/p>\n