Old Stage II leases handed over

Written on the 12 November 2017

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 since then despite not having land tenure over the sites.

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The ASX200 had a positive week and ended 0.8% higher. The Aussie dollar drifted lower down 0.7%, oil was hit hard on higher US stockpiles and production, gold drifted lower on the much anticipated US interest rate move and iron ore continued south. As expected the Reserve Bank of Australia kept interest rates on hold and maintained a neutral sta...

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