Te Arawa is investigating the idea of buying Rotorua Forest Production company Tachikawa, so it can regain its tribal land which the sawmill sits on.
More than 120 workers at Tachikawa were laid off at a meeting with the mill's receivers, KordaMentha, a week ago.
The mill is located off Vaughan Road in Rotorua.
Te Arawa Federation of Maori Authorities (FoMA) deputy chair Te Taru White says it is seeking information about the company, including the state of the timber market and why the firm went into receivership.
He says there are several reasons why Te Arawa entities are considering the idea.
Mr White says the mill is on ancestral land owned by the company, which would mean an opportunity for the tribal collective to get it back.
He says the tribes have a history in forestry and a majority of its employees are affiliated to Te Arawa.