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Timber company Picop Resources, Inc. will resume operations by the middle of next month even with one hand tied down by government requirements, a ranking official of the company said.
Picop yesterday said it has received approval from the Department of Energy and Natural Resources (DENR) to "perpetuate" a 50,000-hectare forest area which would allow it to harvest, plant and own the trees in the area under an international forest management agreement (IFMA).
Vicsmarte E. Ubalde, Picop corporate information officer explained the forestland will be put under an IFMA when Picop's timber license agreement with the government expires in April next year. The …