Demerara Timbers only deals with logs harvested by itself in its licensed areas

http://www.stabroeknews.com/index.pl/article?id=56527619

Demerara Timbers only deals with logs harvested by itself in its
licensed areas
Stabroek News
Sunday, August 26th 2007

Dear Editor,

Demerara Timbers Limited (DTL) refers to the letter by Janette Bulkan
captioned "Was this sale by Demerara Timbers to Bai Shan Lin approved
by the Forestry Commission" (07.08.23) and thanks her for refreshing us
with the various Forestry Regulations.

In line with government policy of further downstream processing of
timber products, DTL has a Technical Assistance Management Agreement
with Bai Shan Lin to secure the market linkages in China so as to add
processing equipment to our existing mills at Mabura to produce a wider
range of value-added timber products.

DTL is in full control of the company hence the need to seek the said
approvals as mentioned in her letter do not arise.

The following practices of DTL are consistent with that of the industry:

* That DTL only deals with logs harvested by itself in its licensed
areas of operations under Forest Management Plan and Annual Operations
Plan as approved by the Guyana Forestry Commission.

* That DTL has a Union Agreement and its categories of workers are
unionized. Major changes if any as to the status of its workforce must
be addressed with the Union and the Ministry of Labour.

* Rich Resources Inc. (RRI) an associate company of DTL does have a
partnership agreement with a local concessionaire. To operate this
Agreement, the local partner has its own management staff and field
personnel to operate its own equipment fleet to harvest its production
portion. It also has a self-owned sawmill for processing into lumber.

Yours faithfully,

S K Chan

Chief Executive Officer

Demerara Timbers Limited