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Friday, July 29, 2005

Forest giants grab for land

TWO of Australia's forestry giants are set to battle head to head to buy Tasmanian farmland for plantations.

West Australian company Great Southern Plantations has already begun buying Tasmanian properties.

And Tasmanian forest giant Gunns Ltd is aiming to buy another 40,000ha of plantation to cater for the needs of its proposed pulp mill.

Great Southern Plantations has signalled its long-term interest in the state by appointing a local land acquisition manager.

The company will soon settle on several properties totalling about 2350ha. The land is as far northeast as Gladstone

http://www.themercury.news.com.au/common/story_page/0,5936,16093267%255E921,00.html

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