Pulp Mill Update

We are applying significant effort to achieving dual certification for the plantation resource. The Tasmanian Statement of Principles is a majorr step forward but we acknowledge the need to consult with the community and other groups not party to the statement in respect of the environmental credentials of the pulp mill as now planned.

Significant progress has been made in relation to the dydrodynamic modelling which has been carried out in Bass Strait over the last 12 months. Work on the submissionsrelating to the remaining environmental conditions mandated by the Federal Government is nearing completion.