News: Gunns affirms confidence in Tamar mill

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The head of Gunns Limited (ASX:GNS) has affirmed that the forestry company is confident work at its $2.5 billion Tamar Valley pulp mill in northern Tasmania will continue.



The comments come on the same day permits issued by the Environmental Protection Authority specified that work was to have "substantially commenced".



Speaking to ABC Radio managing director, Greg L'Estrange, says the company is making progress and is satisfied with the terms of all its permits.



Mr L'Estrange has also suggested the company is nearing the final steps to securing a partner for the project.



Gunns entered into a trading halt at the end of last week and last traded at $0.205.



In the 2011 financial year Gunns swung from a profit to a net loss of $355.5 million.