Brief: Kangaroo Island Plantation Timbers Says Advised That Development Application For Kangaroo Island Seaport At Smith Bay Declined

Kiland

11/08/2021 02:30

Aug 11 (Reuters) - Kangaroo Island Plantation Timbers Ltd
 KPT.AX :
    * ADVISED BY MINISTER FOR PLANNING THAT DEVELOPMENT
APPLICATION
FOR KANGAROO ISLAND SEAPORT AT SMITH BAY DECLINED
    * ADOPTED NEW STRATEGY TO REMOVE TREECROP AND CONVERT LAND
FOR
MORE TRADITIONAL AGRICULTURAL USE
    * REVERSION STRATEGY WILL REQUIRE SIGNIFICANTLY LESS CAPITAL
    * STRATEGY WILL REVERT CO'S 18,696 HA OF HIGH RAINFALL LAND
TO
PRODUCTIVE AGRICULTURAL ESTATE OVER SHORTER PERIOD

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 ((Reuters.Briefs@thomsonreuters.com;))