Amazonas Florestal, Ltd. has purchased 5 rural properties in the municipality of Borba, State of Amazonas, Brazil. These 5 properties will add approximately 25,000 acres to Amazonas land holdings and will increase the Company's timber inventories by approximately 5%. The addition of these properties brings the Company's total land holdings to more than 100,000 acres.

Amazonas Florestal expands land holdings by 25,000 acres and increases timber inventories

16:29 / October 3, 2014

Oct 03, 2014. /Lesprom Network/. Amazonas Florestal, Ltd. has purchased 5 rural properties in the municipality of Borba, State of Amazonas, Brazil. These 5 properties will add approximately 25,000 acres to Amazonas land holdings and will increase the Company's timber inventories by approximately 5%. The addition of these properties brings the Company's total land holdings to more than 100,000 acres, as Amazonas Florestal said in the press release received by Lesprom Network.

Mr. Bruce W. Barren, CEO, stated, " The acquisition in Borba represents an important addition in our sustainable management projects in that once licensed and approved for harvest in 2015, it can potentially add 440,000 cubic metres of tropical hardwood trees to our present inventory and supply upwards of 22,000 cubic metres yearly on a 20 year plan to local mills. We have signed an intent to lease a major production mill in the adjacent area next year that would have the capacity to process the full amount that could become available once the SFMP (Sustainable Forest Management Project) in these lands are approved which we anticipate to take place in the second quarter of next year."

Amazonas Florestal is a natural resources company diversified in forest management and generating profit through innovative, sustainable management of its large tracts of land in the rainforests of Amazonas, Brazil.

Lesprom Network

Amazonas Florestal expands land holdings by 25,000 acres and increases timber inventories

Tags

Topics

Markets

Interesting to see