News

Terrace area logging company pays stumpage

YAORUN Wood Ltd. is back in action again after settling up a debt to the provincial government which led to a seizure of all the logs on their Keith Ave. yard.

Ministry of Forests, Lands and Natural Resource Operations Brennan Clarke said the company settled all outstanding payments for stumpage.

“The forfeiture was lifted on Thursday, December 5 as Yaorun paid their outstanding obligation,” said Clarke.

Logs in the company yard had been seized November 13 and 22 for non-payment of stumpage. The first time the log yard was shut down by a seizure of logs was in October when Yaorun fell behind by $586,000 for outstanding stumpage. The most recent debt was $150,000 which they settled up this week.

The total value of the logs in the yard, which have been accumulated by Yaorun since the spring, is estimated at 2.3 million.

 

 

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

Terrace, Thornhill amalgamation issue raised
 
Austin endorses Cullen
 
Portables at Skeena this fall
VIDEO: Witnesses describe scene at Parliament Hill; Raw footage of Ottawa shootings
 
Joanne Wilton Q & A
 
Kist resigns as Pacific NorthWest LNG president; Progress Energy CEO acting president
BC LNG Alliance responds to LNG tax regime, GHG emission standards
 
Sparwood Arena and Curling Rink receives major upgrade
 
Wilton to recieve Champion for Literacy Award

Community Events, October 2014

Add an Event

Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Oct 24 edition online now. Browse the archives.