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Caption: Trustees and directors of local PSGE Maungaharuru-Tangitū and representatives from Rayonier Matariki Forests confirm their new joint venture, Kaiwaka Forest Limited.

New forestry partnership centres on culture and commerce

A newly established joint venture between Maungaharuru-Tangitū Trust (MTT) and forestry company Rayonier Matariki Forests will bring hapū forestry ownership to life.

“Following our settlement in 2014, forestry ownership was identified as a key priority for our Trust, making this an exciting development,” says MTT General Manager, James Lyver.

The venture, Kaiwaka Forest Limited, will realise forestry ownership and its long-term benefits for hapū. The venture will be based in the eastern part of the Esk Forest owned by MTT (the western part of the Esk Forest is owned by a neighbouring iwi).
“Kaiwaka Forest Limited is an example of how we can leverage our settlement to advance hapū aspirations and improve wellbeing - all while staying true to te ao Māori values.”

The name has been adopted to acknowledge the history of the surrounding whenua. Kaiwaka was one of the largest and most valuable blocks within the larger Mohaka-Waikare block and was confiscated by the Crown in 1867. The eastern part of the Esk Forest was purchased by the hapū as part of its Deed of Settlement signed with the Crown in 2013.

As well as maintaining te ao Māori values, the partnership introduces a stumpage share model and management practices, which will improve financial return for both parties. This will generate considerably superior cash returns for MTT when compared with the existing arrangement, which sees benefit only from rental revenue.

Brendan Slui, Managing Director of Rayonier Matariki Forests says “our values and interests are closely aligned and partnering with MTT in this joint venture will provide both parties significant mutual benefits on many levels”.
More info:
Media contact:
James Lyver
Kaiwhakahaere Matua (General Manager) Maungaharuru-Tangitū Trust  (06) 835 3300

New forestry partnership centres on culture and commerce

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