Canfor, Interfor announce closing of forest tenure transfer
Interfor has closed on the $60-million purchase of the Vavenby forest tenure from Canfor in the B.C. Interior, both companies announced yesterday afternoon.
Canfor announced the agreement to sell the Vavenby tenure in June last year, along with the closure of its Vavenby sawmill. The tenure includes Tree Farm Licence (TFL) 18 and replaceable forest licence A18688, located in the Kamloops Timber Supply Area near Vavenby, B.C. The two licences have a combined allowable annual cut of approximately 349,000 cubic metres per year.
On Feb. 28, the B.C. government approved the tenure transfer with a set of conditions, which include discussions with local secondary and value-added manufacturers in the North and South Thompson on log purchasing and wood-fibre supply agreements.
In a March 6 article in Kamloops This Week, Simpcw First Nation Chief Shelly Loring said the band had not signed off on the agreement. “Simpcw did not give our free, prior and informed consent to this transaction and cannot comment any further at this time,” Loring said.