Friday, December 08, 2006

Further to posts back in June and September, Graeme Hart has completed the sale of the majority of his Rank Group forestry. According to the new owners the forests are "likely to be replanted when harvested".

Some central North Island towns had been feeling a little uneasy about the deal - their economies relying substantially on forestry employment. Replanting will likely mean ongoing employment. Replanting also means ongoing carbon sequestration.

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