Indian sandalwood companies, including Quintis, begin 2017 harvest in the Kimberley's Ord Valley

Written on the 5 June 2017

There is a gentle scent of Indian sandalwood wafting over the Kimberley's Ord Irrigation Scheme in Western Australia, as companies begin their 2017 harvest of the exotic timber.

Santanol, the Sandalwood Sanctuary and even Quintis are all busy harvesting this week.

The ASX-listed Quintis has been in a trading halt since May 15 following a share price crash, which was triggered by revelations the board was unaware the company had lost a major customer back in December.

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Old Stage II leases handed over

The State Government has handed finalised lease documents to the Ord Valley's biggest developer after five years of long negotiations. Chinese-owned Kimberley Agricultural Developments was named as the State's preferred proponent for the Ord Stage II project several years ago. KAI has developed and harvested some farming land ...

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