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Home › Dodgy Deals ›
Dodgy Deal
Tamar Valley Pulp Mill Tasmania (formerly Gunns Pulp Mill)Australia

Project – On record

This profile is no longer actively maintained, with the information now possibly out of date
Profile by:
BankTrack
Contact:

nature@banktrack.org

Last update: 2015-11-01 00:00:00
Photo: .

Project – On record

This profile is no longer actively maintained, with the information now possibly out of date
Profile by:
BankTrack
Contact:

nature@banktrack.org

Last update: 2015-11-01 00:00:00
Why this profile?

What must happen

Potential investors should undertake their own comprehensive due diligence and examine the risks associated with investing in this project.

We recommend that banks avoid financing this mill. A large number of banks have already committed not to invest in this project, and we are confident that others will also find that the risks associated with this project outweigh the benefits. The history of this troubled project has demonstrated that any investor that values their brand and credibility will not invest in the proposed Tamar Valley pulp mill.

About
Sectors Pulp, Paper and Paperboard Mills
Location
Status
Planning
Design
Agreement
Construction
Operation
Closure
Decommission
This project has been identified as an Equator Project

Land and permits for the Tamar Valley Pulp Mill, Tasmania (formerly known as Gunns Pulp Mill) are currently on sale.

Gunns Limited, an Australian logging giant, launched plans to build a ECF Lite pulp mill in Tasmania, on 15th December 2004 . This pulp mill was one of the most controversial issues in Australia, opposed by the majority of people. Opposition was due to its social, environmental and economic impacts.

Gunns Ltd collapsed, placing itself in voluntary administration in September 2012 and going into liquidation in March 2013. The company's assets have been on sale by the receivers KordaMentha, who continue to attempt to realise the remaining value. Gunns' eucalypt plantation estate and woodchip mills have been sold, but the pulp mill land and associated permits have proved difficult to move. This can be explained by odious history of this pulp mill proposal, including its failure to ever complete the statutory approval process and the overwhelming community opposition it has faced.

Vehement community opposition to any attempt to revive the pulp mill project remains.

Impacts

Social and human rights impacts

The Tamar Valley pulp mill has no social license

Throughout the life of this proposal it has faced intense public opposition. Most opinion polls show that the majority of Australians and Tasmanians oppose this pulp mill.

The independent statutory assessment process was abandoned and a subsequent fast-track approval via Parliament in 2007 resulted in a critical loss of trust and confidence of the Tasmanian community. This was exacerbated in 2014 by enabling legislation to quash a legal challenge against the current permits and water down requirements on adherence to environmental conditions. 

Impact on Human Health
The Tamar Valley, which is home to over 100,000 people and is the site Gunns has chosen, has an inversion layer for a large part of the year which traps air pollution and odour in the valley. This has lea to major health problems from existing sources of air pollution. The Tamar Valley is recognised as having some of the lowest standards of air quality in Australia.

The Australian Medical Association (AMA) Tasmanian branch has said the pulp mill ‘could cause an increase in the already existing morbidity and mortality from atmospheric pollutants'.

Site selection

CSIRO pulp mill expert Dr Warwick Raverty, who was on the panel of the Resource Planning and Development Commission assessing the pulp mill before that process was abandoned, later said that Gunns chose the ‘worst place possible' in Tasmanian to build the pulp mill.

  • The pulp mill site is approximately six kilometres away from the Bell Bay industrial zone but within two kilometres of local residents, vineyards and organic farms.
  • Until the mid-2000s when Gunns was pursuing the pulp mill proposal, the pulp mill site was a nature conservation area. That status was removed by the state government to allow the project to proceed, despite Aboriginal artefacts and endangered species being present.

Aboriginal heritage and values

The Tasmanian Aboriginal Land and Sea Council (TALSC) and the Tasmanian Aboriginal Centre (TAC) have officially opposed the proposed pulp mill because of its impacts on Aboriginal culture and heritage. These impacts to important heritage sites will occur at both the proposed pulp-mill site on the Tamar River and in the forests that may be logged to feed the mill.

The Tasmanian Aboriginal community also opposed the mill because of the impacts of the mill's effluent on the marine environment around the Bass Strait islands officially recognised as Aboriginal land. This includes toxic impacts on species traditionally hunted on and around the islands. Along with many other Tasmanians, Aboriginal Tasmanians condemn the atrocious community consultation and lack of proper assessment of the proposed pulp mill and its impacts.


Environmental and climate impacts

Environmental pollution

This project had been found to be critically non-compliant with requirements of the normal environmental assessment process when it was withdrawn from that process and given a contentious political fast-tracked approval. Issues in relation to likely environmental damage were not thoroughly tested.

The project has never properly or satisfactorily overcome probable impacts that include damage to the marine environment from the release of toxic dioxins and furans and other organochlorines, air pollution which could cause an increase in the already existing morbidity and mortality from atmospheric pollutants in the valley, odour, and the depletion of fresh water supplies. These are all of immense concern to the local community.

Wood supply

At the outset this project envisaged using natural forests as a source of wood supply. In response to intractable community opposition to the ongoing extraction of high volumes of natural forest, Gunns eventually moved in 2011 to have its permits adjusted to allow only plantation grown feedstock. The assessment process never evaluated the ‘upstream' impacts of utilising a native forest resource.

The 3.8 million to 4.5 million tonnes of plantation fibre that is required to produce 1.1 million air-dried tonnes of pulp per annum will not now be available following changes to ownership.

It is feared that permit conditions could be changed to again provide for wood supply from natural forests. If so, or if native forests are burned to generate electricity in the associated biomass burning facility, this may lead to the destruction of Tasmania's high conservation value forests, biodiversity loss and be a huge source of greenhouse gas emissions. 


Other impacts

Marginal Economics

Economic risk remains a serious impediment. The cost structure is uncompetitive and demand uncertain. This pulp mill will be competing against pulp and paper mills in China, Indonesia and other countries that are close to large plantation estates, and also closer to markets. Shipping costs will remain prohibitive, labor costs will remain high and the Tasmanian Government is facing serious financial challenges so is unlikely to offer subsidies, or to be able to support them if they do. 

Financiers
Institution type
Finance type
Year

Note that the finance details above refer to finance for Gunns Ltd, which was liquidated in 2013, and remains noted here for record. 

At one time, ANZ was expected to be the lead arranger of funding for the mill project. However, after conducting their own independent review of the pulp mill proposal and following public protests against the mill, ANZ decided to discontinue its involvement with Gunns.

In January 2014 ANZ confirmed that it is not involved in providing financial support for the proposed Tamar Valley pulp mill.    

Companies

Andritz

Austria

Gunns Limited

Australia
Website
No companies
Governance
Norms & standards
Other regulations

Applicable norms and standards

Equator Principles

Gunns' banker, ANZ, stated that the Equator Principles (EPs) should apply to this project. Although the bank has not publicly issued an opinion on the project's compliance with the EPs, ANZ's decision to stay out of the pulp mill project is in line with its commitment not to finance projects which do not satisfy the EPs.

News
BankTrack
Partners
Blog
External
BankTrack news BankTrack blog Partner news Partner blog

Media Release: Pulp Mill Permit Expiry Welcomed – Call To Repeal The Pulp Mill Assessment Act

2017-08-30 | Markets for Change
BankTrack news BankTrack blog Partner news Partner blog

Pulp mill bidders yet to be revealed

2015-07-22 | Hobart Mercury
BankTrack news BankTrack blog Partner news Partner blog

International interest raises prospect of pulp mill being built in northern Tasmania

2015-07-05 | ABC News
BankTrack news BankTrack blog Partner news Partner blog

Bid on pulp mill permit

2015-06-06 | Tasmania | Examiner
BankTrack news BankTrack blog Partner news Partner blog

Invasive predators, deforestation driving Tasmanian parrot over the edge

2015-05-29 | Mongabay
BankTrack news BankTrack blog Partner news Partner blog

Gunns woodchip mill open for business again

2013-06-11 | ABC News
BankTrack news BankTrack blog Partner news Partner blog

Gunns goes into administration while forest negotiations need clarification

2012-09-22 | The Wilderness Society
BankTrack news BankTrack blog Partner news Partner blog

Lawyers fire shot in Gunns action

2011-04-21 | Australia | Sydney Morning Herald
BankTrack news BankTrack blog Partner news Partner blog

Environment groups’ response to Federal Minister Burke’s decision on Gunns’ pulp mill

2011-03-10 | Tasmania | The Wilderness Society, Australian Conservation Foundation, Environment Tasmania
Blog
BankTrack news BankTrack blog Partner news Partner blog

Profits through destruction - The other annual balance of Andritz

80.-100.000 people and hundreds of species pay the price for the company's gains
2011-03-07 | Vienna, Austria | ECA watch Austria
BankTrack news BankTrack blog Partner news Partner blog

Environment groups’ statement on delay to pulp mill approval

2011-03-03 | Australia, Tasmania | The Wilderness Society
BankTrack news BankTrack blog Partner news Partner blog

Cutting a deal- will the historic pact save Tasmania's native forests?

2010-10-25 | Ethical Investor
BankTrack news BankTrack blog Partner news Partner blog

Pulp mill finance next Gunns' target

2010-08-17 | ABC News
BankTrack news BankTrack blog Partner news Partner blog

Gunns profit drops by half

2010-08-15 | ABC News
BankTrack news BankTrack blog Partner news Partner blog

Barnaby Drake responds ...(Gunns talk)

2010-06-20 | Tasmanian Times
BankTrack news BankTrack blog Partner news Partner blog

Gunns takeover talk

2010-06-01 | The Mecury
BankTrack news BankTrack blog Partner news Partner blog

Threatened with an ugly end, Gay opts to leave Gunns quietly

2010-05-29 | The Auatralian
BankTrack news BankTrack blog Partner news Partner blog

Maurice Blackburn announce potential shareholder action against Gunns Ltd

2010-05-20
BankTrack news BankTrack blog Partner news Partner blog

Andritz AG - Kein Profit auf Kosten der Umwelt

2010-03-26 | Graz | ECA Watch
Blog
BankTrack news BankTrack blog Partner news Partner blog

Australian company Gunns' planned restructure vain attempt to avoid real reform

2010-02-22 | Tasmania | The Wilderness Society
Blog
BankTrack news BankTrack blog Partner news Partner blog

Swedish bank Nordea backs away from Gunns’ Pulp Mill

Responds to Avaaz campaign to protect forests
2010-01-07 | Australia | The Wilderness Society
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks abandon Gunns Pulp and Paper Mill

2010 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Gunns20 trial date set

2009-11-03 | Australia | The Wilderness Society
BankTrack news BankTrack blog Partner news Partner blog

Gunns pulp mill hangs in balance

2009-09-17 | The Australian
BankTrack news BankTrack blog Partner news Partner blog

The Great Pulp Mill Swindle: A Chronicle of Deceit

2009-09-14 | Tasmanian Times
BankTrack news BankTrack blog Partner news Partner blog

Gunns20 trial date set

http://www.wilderness.org.au/articles/gunns20-trial-date-set
2009-08-06 | Australia | The Wilderness Society
BankTrack news BankTrack blog Partner news Partner blog

Leaked documents confirm resident's fear of foul pulp mill

2009-06-30 | Australia | Australian Broadcasting Corporation
Blog
BankTrack news BankTrack blog Partner news Partner blog

World's major banks rule out financing Gunns' Pulp Mill

Advert in Financial Times warns banks to stay out
2009-04-29 | Tasmania, Australia | The Wilderness Society
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs Welcome ANZ Decision Not to Finance Gunns Proposed Pulp Mill

Other banks urged to abstain from the project
2008-05-28 | Tasmania, Australia and Netherlands | The Wilderness Society
Blog
BankTrack news BankTrack blog Partner news Partner blog

New ANZ CEO Mr Smith asked to not finance Gunns pulp mill Tasmania

2007-09-18 | the Netherlands, Tasmania | The Wilderness Society
Blog
BankTrack news BankTrack blog Partner news Partner blog

ANZ risks Equator Principles violation

Gunns mill go-ahead depends on approval procedure below third world standards
2007-03-27 | Tasmania, Australia | The Wilderness Society
Resources
Documents
Images
Videos
Links
2014-01-27 00:00:00

Joint NGO Statement to the Parliament and people of Tasmania on Stopping Irresponsible Investment in Pulp and Paper Mills

NGO document
2014-01-27 00:00:00
2010-09-10 00:00:00

Gunns boss waves white flag on logs

Other document
2010-09-10 00:00:00 | The Mercury
2010-04-23 00:00:00

Gunn's market update

Company document
2010-04-23 00:00:00 | Gunns Limited
2010-03-01 00:00:00

Update Gunns pulp and paper mill project March 2010

Other document
2010-03-01 00:00:00 | The Wilderness Society
2010-01-11 00:00:00

Response Nordea to signatories Avaaz action letter of 100106

Correspondence
2010-01-11 00:00:00 | Nordea
2010-01-01 00:00:00

Probity Issues Connected with the Tasmanian Pulp Mill

Other document
2010-01-01 00:00:00 | Tom Baxter and Roland Browne
2009-12-01 00:00:00

GUNNS’ PROPOSED PULP MILL

NGO document
2009-12-01 00:00:00 | Wilderness Society
2009-11-11 00:00:00

Södra’s interest in pulp mill welcomed by the Wilderness Society

Other document
2009-11-11 00:00:00 | The Wilderness Society
2008-07-07 00:00:00

World hertitage Committee calls for increased protection of Tasmania's world class forests

NGO document
2008-07-07 00:00:00
2008-05-01 00:00:00

Decision ANZ on Gunns pulp mill project

Other bank document
2008-05-01 00:00:00 | ANZ
2008-01-01 00:00:00

ANZ update on Gunns Pulp mill

Other bank document
2008-01-01 00:00:00 | ANZ
2007-12-14 00:00:00

Economic assesssment of Gunns' pulp mill benefits

Other document
2007-12-14 00:00:00 | National Institute of Economic and Industry Research
2007-12-07 00:00:00

The Wilderness Society's pulp mill submission to ANZ

NGO document
2007-12-07 00:00:00 | The Wilderness Society
2007-10-25 00:00:00

WWF statement on ANZ and the Tasmanian pulp mill

NGO document
2007-10-25 00:00:00 | WWF-Australia
2007-10-23 00:00:00

Gunns Heads of Agreement with Forestry Tasmania

Company document
2007-10-23 00:00:00 | Gunns Ltd
2007-10-08 00:00:00

Update on ANZ and Gunns proposed Bell Bay Pulp Mill

Other bank document
2007-10-08 00:00:00 | ANZ
2007-08-30 00:00:00

Comment on proposed Gunns Ltd pulp mill and Federal Government approval

NGO document
2007-08-30 00:00:00 | BankTrack
2007-08-07 00:00:00

Sustainable development in Tasmania: is the proposed pulp mill sustainable?

Other document
2007-08-07 00:00:00 | Launceston Environment Centre
2007-08-06 00:00:00

Banks, pulp and people

NGO document
2007-08-06 00:00:00 | urgewald
2007-07-10 00:00:00

Information on ANZ and Gunns Limited

Other bank document
2007-07-10 00:00:00 | ANZ
2007-05-21 00:00:00

Gunns’ pulp ambitions

Other document
2007-05-21 00:00:00
2007-05-12 00:00:00

Trouble at mill

Other document
2007-05-12 00:00:00 | The Weekend Australian
2007-05-12 00:00:00

Trouble at mill Part II

Other document
2007-05-12 00:00:00 | The Weekend Australian
2007-04-29 00:00:00

Fact sheet ANZ on Gunns

Other bank document
2007-04-29 00:00:00 | ANZ
2007-03-14 00:00:00

Gunns press release

Company document
2007-03-14 00:00:00 | Gunns Ltd

Stop the pulp mill protest, Tasmania

2009-04-02
Tasmanian community rallies against Gunns' pulp mill at Low Head.

Protest against ANZ, Sydney.

2008-06-08

Gunns Board reform: major breakthrough

Video message from Paul Oosting and Alec Marr from the Wilderness Society
2010-06-02 16:17:10

Andritz and Kontrollbank hands off Tasmania's forests

2009-12-15 15:08:10

Tasmania‘s forests: a global treasure, a national responsibility

See the destruction to Tasmania‘s native forests first-hand, and the people‘s opposition in Australia
2008-05-20 18:32:37

Tasmanias clean green future - too precious to pulp

Video on Gunns pulp mill project. By Wilderness society. Part II
2007-08-06 13:16:52

Tasmanias clean green future - too precious to pulp

Video on Gunns pulp mill project. By Wilderness society. Part I
2007-08-06 13:12:36

Native Forest

Markets for Change

A market-focused environmental non government organisation that investigates and exposes the companies and products driving environmental destruction, creating the impetus for retailers to adopt environmentally and socially responsible procurement policies to help create an environmentally responsible market.
Updates

2017

2017-08-30 00:00:00 | Pulp Mill Permit has expired – Call To Repeal The Pulp Mill Assessment Act

Expiry of the Tasmanian Pulp Mill Permit today has been welcomed by Markets For Change, who called for the Tasmanian government to now repeal the Pulp Mill Assessment Act – enabling legislation that gave the project Parliamentary approval after it failed to meet assessment standards as a Project of State Significance under the state’s planning system.

2015

2015-07-08 00:00:00 | Latest update

An announcement from KordaMentha, the receivers for Gunns Ltd, is pending regarding the outcome of their most recent efforts to sell the industrially-zoned land previously designated for the Gunns pulp mill development on the Tamar River in Tasmania. It is possible that the accompanying permits to build and operate the pulp mill could also be sold to the same buyer, although KordaMentha was unable to find a bidder for both land plus permits last year. This year the land and pulp mill permits have been offered separately.

KordaMentha claimed in June 2015 to have received several bids, including one for land plus permits, and were to enter negotiations with bidders.

A new round of expressions of interest was initiated in April 2015, at which time KordaMentha announced that they were splitting the land and the pulp mill permits, making it possible for a buyer to purchase the land without the permits. This followed failure of a previous call for expressions of interest in 2014, when land and permits were on sale as a single lot.

Following years of intense community opposition, opponents of the pulp mill project are speculating that a sale of land without permits would finally herald the demise of this loathed project almost a decade after it was launched.

Forico, a subsidiary of New Forests which bought the Gunns eucalypt plantations and woodchip mills in 2014, has ruled out owning, operating, or supplying the Tamar Valley Pulp Mill (formerly known as Gunns pulp mill). This means that the proposed pulp mill does not have access to a plantation grown wood supply. Current permits include legal provisions set in May 2011 at the request of Gunns Ltd that enforce the project to use only plantation grown wood supply.

Fears are held for native forests if a sale of land together with pulp mill permits eventuates. Concerns centre on the possibility that a new proponent could seek to change the permit conditions to enable a native forest wood supply. Such a wood supply would be very contentious after the Tasmanian government repealed legislation that provided for protection of 400,000 hectares of native forest in secure reserves under the Tasmanian Forest Agreement, and instead allocated those high conservation value forests as production forests.

2014

2014-02-28 00:00:00 | Latest update

When the land and pulp mill permits were put on sale in February 2014, the following RESOLUTION was unanimously approved on 27th February 2014 by a public meeting of 250 people at the Tailrace Centre, Launceston, Tasmania:

‘This meeting does not support the Tamar Valley pulp mill project because of its many unacceptable environmental impacts and the process by which our community was excluded from involvement in the assessment and approval. Critical non-compliance of the project with formal assessment requirements led to that process being dispensed with in 2007 and a legislated ‘fast track’ approval that also removed our rights was substituted.

We also strongly oppose the most recent legislative intervention in Tasmania which in January 2014 lengthened the life of the Pulp Mill Permit, alleviated repercussions for failure to observe environmental conditions under the Permit, and prevented a court case regarding the validity of the Permit from proceeding.

Further, the proposed pulp mill jeopardises other business and industry reliant on a clean unpolluted environment, thus hazarding existing and future employment and wealth creation in Tasmania.’

The Tasmanian Parliament in January 2014 was convened at the request of Gunns’ receivers KordaMentha specifically to approve fast track legislation that extended the life of the pulp mill permit from 4 years to 10 years, stymied a current court case over the validity of the permits and watered down penalties for failure to observe environmental conditions. This was yet another disgraceful episode of many in the history of this project in which the Parliament acted to shore up the financial interests of proponents of this pulp mill proposal against the will of the community. 

2014-01-27 00:00:00 | Latest update

The following ‘Joint Statement to the Parliament and people of Tasmania’ by 28 non-government organisations from Asia, Europe, North and South America and Australia attending an international meeting in the Netherlands on Stopping Irresponsible Investment in Pulp and Paper Mills organised by the Environmental Paper Network (EPN & EEPN) was issued on 27th January 2014:

‘We are deeply concerned by the re-emergence of the Gunns pulp mill project in Tasmania, Australia for well documented environmental and social reasons.

We have been informed and are dismayed to learn of the efforts being made in Tasmania to revive this project, and of the secrecy surrounding the bidders for Gunns’ assets, including the Permit to build and operate the pulp mill.

This pulp mill project was never able to satisfy environmental assessment procedures, was withdrawn from the formal assessment process when the company was informed that they were not compliant with the environmental requirements, and instead a fast track approval via the Tasmanian Parliament overrode due process. The right of citizens to be heard and for environmental and social problems to be exposed and rigorously examined was denied.

An undertaking eventually made by Gunns Ltd to utilise only plantation resource for this project was unilateral and is not a condition on the Permit. Hence we also fear that this may lead to the use of native forest as feedstock for the mill by a different proponent, possibly including forests assessed and agreed as high conservation value.

Further, we are puzzled that the Tasmanian Parliament would intervene to negate a legal judgement on the continued validity of the pulp mill Permit.

We are also concerned to learn that the Tasmanian Parliament and people of Tasmania have no knowledge of which companies are to potentially benefit from the enactment of the proposed Doubts Removal Bill, and that the new law would allow the transfer of the Permit to any company, no matter their environmental, social or financial reputation.

Buyers and investors should be aware of the potential environmental and social risks connected to the Gunns pulp mill project.’

 

BankTrack was one of the signatory groups to this statement.

2011

2011-05-05 00:00:00 | Latest update

In March 2011 the Australian Federal Environment Minister set new legal conditions for Gunns' pulp mill that enforce the project to only use plantation timber and to use the ECF Lite bleaching process.

In September 2010, the Chief Executive of Gunns announced that the company will move out of native forest logging and will work with the community and conservation groups to "find joint solutions to age-old conflicts and move beyond [to] a real, sustainable forest industry". These comments forecast a change in direction to the long running conflict over forestry in Tasmania and were welcomed by many Australian environmental groups.

In May 2010, John Gay and Robin Gray were forced to step down from the Board of Gunns Ltd and will no longer have any further involvement with the company or its subsidiaries. The Wilderness Society believes this creates the opportunity to achieve permanent and lasting resolution to the conflict over forestry in Tasmania.

On December 31, 2009 Gunns announced its plans for a restructuring of the company, by proposing the creation of a new corporate group, to be known as Southern Star Corporation (“Southern Star”). Southern Star’s principal assets will be a world scale bleached hardwood Kraft Pulp Mill in the Bell Bay Industrial Zone of Northern Tasmania and the highly prized Tasmanian land and eucalyptus plantation resource currently owned by Gunns Limited.
Gunns plans to isolate its native-forest logging operations from the pulp mill proposal, plantations and other more acceptable parts of its operations such as wine-making and retail outlets, is seen by NGOs as a vain attempt to hide its native forest logging operations from scrutiny by potential pulp-mill investors.

At the AGM of November 2009, Gunns announced that Swedish pulp and paper company Södra is one of the potential pulp-mill investors the company is in talks with. Södra has set minimum benchmarks for any pulp mill development in Australia, saying it would need to be totally chlorine-free (TCF), 100% plantation-based and Forest Stewardship Council (FSC) certified. Gunns current proposal doesn't meet any of the preconditions set by Sodra. Gunns will have to undertake major reforms to meet the preconditions set by Södra, such as ending the logging of native forests and not using litigation against community members standing up for the protection of their environment.

However, Gunns also indicated that they are in talks with other pulp and paper companies.

Gunns has not received approval from the Australian Federal Government to operate the pulp mill. Gunns evidence to the Federal Government on the mills impact on the marine environment was rejected and they have been given until March 2011 to complete further research. However, Gunns has indicated it will begin construction of the project as soon as it secures finance for the project. Gunns has not yet completed critical scientific work on how the pulp mill pollution will impact on marine life and the fishing industry.

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