African Conservation, Cora Form Gabonese Forestry Company
- Company to practice sustainable forestry, grow plantations
- Gabon government aims to reduce nation’s dependence on oil
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African Conservation Development Group and Cora Group of Italy will form a sustainable forestry venture that will oversee 400,000 hectares (988,400 acres) of concessions in southern Gabon and a timber-processing facility in Port Gentil.
The company, to be known as African Equatorial Hardwoods, plans to practice so-called sustainable forestry where trees are harvested on a 25-year rotational basis. It ultimately plans to switch to plantation forestry on 13,000 hectares of previously degraded land, they said in a statement on Wednesday.