Vancouver, BC — Canfor Corporation welcomes the announcement by the Honourable Doug Donaldson, Minister of Forests, Lands, Natural Resource Operations and Rural Development that he has consented to the transfer of the Vavenby forest tenure to Interfor.
“We are pleased that Premier Horgan and Minister Donaldson have approved the transfer of forest tenure associated with the Vavenby mill to Interfor,” said Don Kayne, president and CEO, Canfor. “With strong leadership from Premier Horgan, today’s decision demonstrates the BC government’s support of the Interior forest sector as it continues the difficult process of reducing production capacity to align with the available timber supply. Throughout this process, we have appreciated the opportunity to work in partnership with the Simpcw First Nation, the local communities and the United Steelworkers.”
“We are working to sell the Vavenby mill site, which will provide the best opportunity for future economic activities and employment in the local communities,” added Kayne. The agreement with Interfor is expected to close before the end of Q1 2020. On June 3, 2019, Canfor announced the agreement to sell the Vavenby tenure to Interfor.