Proactiveinvestors Australia Kangaroo Island Plantation Timbers Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Kangaroo Island Plantation Timbers Ltd RSS feed en Mon, 27 May 2019 01:24:52 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Kangaroo Island Plantation Timbers completes pontoon pre-approval work ]]> https://www.proactiveinvestors.com.au/companies/news/219696/kangaroo-island-plantation-timbers-completes-pontoon-pre-approval-work-219696.html Kangaroo Island Plantation Timbers Ltd (ASX:KPT) has completed pre-approval works on a large pontoon which it intends to use for the proposed KI Seaport export facility.

The pontoon was acquired with the intention of forming the berth face of the proposed deepwater wharf at Smith Bay on Kangaroo Island’s north coast.

An EIS for this facility is currently on public display.

READ: Kangaroo Island Plantation Timbers project “will be good for environment”

The pontoon, which is 168 metres in length by 41 metres width and with a deck height of 9.5 metres, has been undergoing reconditioning and refitting works in a shipyard in Vietnam.

All planned pre-approval works have been completed and the pontoon has been transferred to a freshwater upriver storage location near Ho Chi Minh City.

Any further work will be delayed until after development approval for the facility.

Plans for the proposed export port at Smith Bay.

READ: Kangaroo Island Plantation Timbers Ltd a unique resource company with regenerating asset

The pontoon is fully ballastable, which means the freeboard can be varied to meet operational and maintenance requirements.

It will be relocated to Smith Bay only when the causeway and retaining structures are in place to receive it, as the final stage in construction of the KI Seaport.

Once the pontoon is in place, KPT will then be able to export pine logs.

READ: Kangaroo Island Plantation Timbers outlines vision for hardwood exporting via KI Seaport

Materials handling equipment will then be built on the land, causeway, jetty and pontoon, to enable the export of hardwood woodchips.

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Mon, 06 May 2019 11:07:00 +1000 https://www.proactiveinvestors.com.au/companies/news/219696/kangaroo-island-plantation-timbers-completes-pontoon-pre-approval-work-219696.html
<![CDATA[News - Kangaroo Island Plantation Timbers project “will be good for environment” ]]> https://www.proactiveinvestors.com.au/companies/news/219148/kangaroo-island-plantation-timbers-project-will-be-good-for-environment-219148.html Kangaroo Island Plantation Timbers Ltd (ASX:KPT) has an EIS for a deepwater port facility for exports from its plantations on Kangaroo Island on display and is confident that the project will be good for the environment.

The Environmental Impact Statement for the facility at Smith Bay on the island’s north coast is on public display with written submissions invited until 5pm on May 28, 2019.

READ: Kangaroo Island Plantation Timbers Ltd a unique resource company with regenerating asset

Managing director John Sergeant said the company remained hopeful that the facility for timber and woodchip exports was capable of approval without further extended delays.

“Both the Minister and the Department of Planning already fully understand all the issues. All other South Australian government agencies, and the Commonwealth, have also had input into the finished EIS.

“For our part, we look forward to receiving responses from members of the public, and we remain willing to modify the proposal to enhance the environmental, social or economic outcomes of the development, or address the concerns of objectors where we can.

“Supporters of the project can also have their say and we urge shareholders who want to express a view to do so,” he said.

READ: Kangaroo Island Plantation Timbers outlines vision for hardwood exporting via KI Seaport

The EIS has environmental, social and economic components and KPT believes most objections will be based on the perceived environmental effects of the development, or of forestry itself.

One reason is that the social and economic benefits of the project for the island and for South Australia are so significant that no credible objector would complain on this basis.

Another is that Kangaroo Island is an ecological treasure and people are rightly cautious about the environmental effects of any development.

The third is that the principal opponent of the development, the nearby on-land aquaculture business, has for some time suggested that the project will be very harmful to the environment in all sorts of ways, albeit without any credible evidence to support its contentions.

 “We believe that the project will in fact be good for the environment,” Sergeant said. “This is unusual for a major infrastructure project.”

KPT highlights four points from the EIS.

Plantation forestry good for environment

During the 'forest wars' of the mid-1990s, the Keating government was under pressure to protect native forests from logging and to protect jobs in communities that depended on access to native forests.

Part of the solution was to encourage greater investment in plantation forestry, including native species such as Tasmanian Bluegum that grows so well on Kangaroo Island.

All states and territories signed a national agreement aimed at getting more trees in the ground, so that plantation timber could be harvested and supplied to domestic and overseas mills, while preserving important native forests from further logging.

READ: Kangaroo Island Plantation Timbers completes $1 million share purchase plan

Most plantations on Kangaroo Island were planted as a direct result of this initiative to lessen Australia’s dependence on unsustainable native forest logging, including through generous tax provisions.

Peak planting years were 2005 to 2008 when thousands of hectares of bluegums were established but most companies that planted the trees went broke due to dependence on revenue from tax-driven schemes.

Meanwhile, the world’s demand for lumber and particularly wood fibre has kept growing and Kangaroo Island’s timber has grown well.

Sergeant said: “The Smith Bay wharf development enables a sustainable plantation timber industry to exist on the island, so that a plantation crop, rather than a native forest somewhere else, can be harvested.

“The need to protect high conservation value native forests is a very good environmental reason for supporting the wharf that makes plantation forestry viable on Kangaroo Island.”

Carbon sequestration

The ability of plantations to sequester carbon in a permanent and sustainable way is another sound environmental reason put forward by KPT to support the wharf.

“There simply is no other method of sequestering carbon dioxide that compares with the efficiency of a timber plantation.

“If Australia’s bipartisan national target of a billion more plantation trees is to be realised, then including forestry fully in the national carbon accounts is a necessary first step.

“It certainly works in New Zealand, which has the same target and, unlike Australia, is making good progress towards it,” Sergeant said.

Designed for minimal impact

The KI Seaport at Smith Bay has been designed for minimal environmental impact.

A long causeway and approach jetty mean that dredging is minimal compared to most ports.

Average dredge depth is about 80 centimetres and the material to be dredged is mainly coarse sand and cobbles, which do not result in persistent sediment plumes.

Also, the hydrodynamic environment is well-understood, so off-site effects can be controlled.

Plans for the proposed export port at Smith Bay.

The EIS suggests stop-work criteria be set at one-tenth the level of any possible harm to filter-feeding organisms.

In other words, the whole process can be managed without any significant environmental risk.

Use of a jetty structure and a floating pontoon minimises seabed disturbance in the footprint of the structure, so that the solid causeway is used only in relatively shallow water near the shore, where its footprint is small.

KPT expects the Seaport will have no significant negative effect on the marine environment and will create a slightly improved situation for the onshore aquaculture business east of the proposed facility.

Confident of environmental credentials

Sergeant concluded: “Taking all these factors into account, we are confident that our project is good for the environment.

“That is important in its own right but also good for the company, as an increasing number of institutional and private shareholders seek to invest only in companies that, like KPT, are making a positive difference … socially, economically and environmentally.”

The EIS is available online, via the following link: www.sa.gov.au/planning/majordevelopments.

The Department of Planning, Transport and Infrastructure will convene public meetings: Wednesday, May 1, 1pm-7pm, Kingscote Town Hall, Dauncey Street, Kingscote, Kangaroo Island; Thursday, May 2, 11am-4pm, Parndana Town Hall, Parndana, Kangaroo Island; Tuesday, May 7, 12pm-6pm Ground Floor, 50 Flinders Street, Adelaide.

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Fri, 26 Apr 2019 16:18:00 +1000 https://www.proactiveinvestors.com.au/companies/news/219148/kangaroo-island-plantation-timbers-project-will-be-good-for-environment-219148.html
<![CDATA[News - Kangaroo Island Plantation Timbers Ltd a unique resource company with regenerating asset ]]> https://www.proactiveinvestors.com.au/companies/news/218808/kangaroo-island-plantation-timbers-ltd-a-unique-resource-company-with-regenerating-asset-218808.html Kangaroo Island Plantation Timbers Ltd (ASX:KPT) is in the unique position of being a resource company with an above-ground resource that regenerates and if harvested at the growth rate, lasts forever.

In addressing investors at this month’s Proactive CEO Sessions, managing director John Sergeant said “unlike other resource companies, our resource grows while management sits behind their desks”.

“As it is all above ground, the amount and growth rate of the resource can be measured.”

Managing director John Sergeant addresses investors at a Proactive CEO Session.

Sergeant also likened the company to legendary Australian speed skater Steven Bradbury, who won Winter Olympics gold when all other finalists fell over.

“We are the Steven Bradbury of timberland companies – all others have fallen and we are left standing tall,” he said.

READ: Kangaroo Island Plantation Timbers outlines vision for hardwood exporting via KI Seaport

He was referring to the managed investment scheme “fiasco” of the 1980s and 1990s in which many timberland companies failed, tarnishing the industry.

This was due to these companies being “tax havens” and not being run by timber industry or resources professionals.

Strong asset base

KPT has a strong asset base with $108 million of timber assets on Kangaroo Island, primarily Tasmanian Blue Gum, and a PPE of $58 million.

“Our forestry plantations comprise 80% hardwood and 20% softwood and unlike most others in the resources space, we tend to harvest the lower grades first so that we can replace them with better trees,” Sergeant said.

The company has a sustainable cash flow profile.

Kangaroo Island ideal for trees

The island is the ideal place for the resource as it has above average growth rates.

“Trees on Kangaroo Island perform better than those on the mainland because it is an island and is not as hot,” the MD told investors.

“It has high rainfall with low variability while summers are mild with low evaporation and there are no salinity issues.

“The blue gum growth rate is approaching 25 tonnes a hectare per annum, which is more than 25% more productive than the mainland.”

READ: Kangaroo Island Plantation Timbers secures additional land for its Smith Bay wharf site

He said monetisation of the resource was dependent upon building a deepwater port and this process was underway with the project having been declared of state significance.

KPT requires a deepwater site relatively close to shore with berthing capabilities for large ocean-going vessels.

An EIS for the wharf, which is proposed to be located in the closest practicable sheltered north coast site to the timber resource, is now on public exhibition.

Sergeant said the company expected approval to be received later this year with construction to begin by the end of the year and first timber exports in the first quarter of 2021.

Increasing woodchip demand

Increasing demand for woodchip is boosting the company’s economic prospects.

The long production cycle is resulting in a deficit, particularly in hardwood ship supply, and this has led to strong price growth for hardwood chip, while softwood prices are equally strong.

KPT is well positioned to help meet the supply needs of pulp mills with Kangaroo Island hardwood having the potential to produce about 10% of annual structural shortfall.

READ: Kangaroo Island Plantation Timbers completes $1 million share purchase plan

The company is well supported in its endeavours as it has a trading partnership with Mitsui & Co Ltd (TYO:8031) encompassing timber sale and purchase agreements and is being supported by the Commonwealth Bank of Australia (ASX:CBA) to the tune of $57.1 million.

A final debt facility structure is expected following EIS approval, finalisation of the wharf design and execution of a construction contract.

Read John Sergeant’s presentation here

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Thu, 18 Apr 2019 11:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218808/kangaroo-island-plantation-timbers-ltd-a-unique-resource-company-with-regenerating-asset-218808.html
<![CDATA[News - Kangaroo Island Plantation Timbers outlines vision for hardwood exporting via KI Seaport ]]> https://www.proactiveinvestors.com.au/companies/news/218278/kangaroo-island-plantation-timbers-outlines-vision-for-hardwood-exporting-via-ki-seaport-218278.html Kangaroo Island Plantation Timbers Ltd (ASX:KPT; KIPT) is a recapitalised timberland company in Australia with export ambitions. It hopes to export hardwood out of a KI Seaport to meet increasing demand from global markets, create 250 full-time jobs and bring in more than $50 million to the economy.

It is run by managing director John Sargeant, a market expert and Australian Market and Social Research Organisations (AMSRO) fellow with an undergraduate biological sciences degree and an honours degree in psychology.

The Curly Questions director and former University of Sydney lecturer was a principal behavioural scientist at Transport for New South Wales, chaired the Ipsos-Eureka Social Research Institute and is a past president of AMSRO.

What does KIPT own?

The key asset is the Kangaroo Island plantation project on the island it is named for off South Australia, Kangaroo Island.

The Adelaide and Kangaroo Island-based company has 25,000 hectares on the island, with 15,000 of those hectares being under plantation.

KIPT’s plantation contains 80% eucalypt trees and 20% pine trees, with the trees at or near maturity.

Kangaroo Island itself is 440,500 hectares.

The company hopes to establish a deepwater export facility named KI Seaport at a 173-hectare site it is acquiring on the island and chose Smith Bay as its preferred site 2.5 years ago in 2016.

KIPT’s site selection had followed a report in 2014 that highlighted the bay area had been dredged in the past, creating a deep channel in the bay.

KIPT has prepared a draft environmental impact statement (EIS) for the project designed to be built and operated to protect the environment.

The EIS flags construction and operation of the facility would have no negative effects on a land-based abalone farm at the bay.

South Australia’s Minister for Planning, Transport and Infrastructure has green-lighted a two-month public consultation period for the EIS so community members can share their views and any concerns on the proposed bayside facility.

The public consultation period closes on May 28, 2019, with community members able to download a copy of the company’s draft environmental impact statement for the Kangaroo Island Timber Port at the South Australian Government website.

If the wharf facility plan goes ahead, KI Seaport is expected to bring in more than $50 million to South Australia’s economy and create 250 full-time jobs, most of them on the island.

In September 2018, KIPT signed an exclusivity agreement with a Mitsui & Co Ltd (TYO:8031) (FRA:MTS1) (OTCMKTS:MITSY) (OTCMKTS:MITSF) subsidiary, where Mitsui business would develop, maintain and operate the complete woodchip-handling facility.

The partners would aim to respond to an emerging shortage of quality hardwood woodchips in Asian markets, as demand grows for fibre-based consumer goods and supply is constrained to significant levels.

A circular automatic stacker-reclaimer at Smith Bay could store 80,000 green tonnes at the facility — a greater capacity than the largest-sized woodchip carrier vessels.

Mitsui operates similar facilities at Bunbury port in Western Australia and port of Portland in Victoria.

A stockpile at Smith Bay could be concurrently built up and reclaimed at the same time as chips are added and collected for export via sea.

Export vessels would depart for their destinations via KI Seaport and KIPT would pay Mitsui a per-tonne fee to use the facility.

The South Australian company would then take over ownership of the facility after 10 years.

Mitsui and KIPT’s conditional agreement is subject to a number of terms, such as development approval and the execution of final transaction documents.

In March 2019, Australian-listed company KIPT raised $1 million through a share purchase plan (SPP) that priced shares at $2 each.

It had followed a December 2017 capital raising where $20 million was collected during an oversubscribed placement.

The company had held $4.4 million cash at the close of 2018 and is expected to publish its next quarterly report at the end of April 2019.

Inflection points

Smith Bay wharf public consultation which closes on May 28, 2019

Smith Bay environmental impact statement (EIS) assessment process outcomes

Regulatory approval successes

Financing milestones, including a final investment decision

Chairman Paul McKenzie highlights project’s expected footprint

“The draft EIS and its associated studies demonstrate that the KI Seaport can be built and operated in a way that protects the environment, while providing significant social and economic advantages to South Australia, and to the Kangaroo Island community in particular,” Kangaroo Island Plantation Timbers chairman Paul McKenzie wrote in the company’s latest half-year report on behalf of its directors.

“Importantly, the draft EIS demonstrates that construction and operation of the facility would have no negative effects on the land-based abalone farm that is also located at Smith Bay. It also shows that there would be no significant negative effect on any matters of national environmental significance.

“The KI Seaport, once built, is expected to unlock more than 250 full-time jobs, most of them on Kangaroo Island, and to inject more than $50 million a year into the South Australian economy.

“The project has not changed in scope or scale since it was originally declared a major development in February 2017, although the design of the jetty structure has been modified to reduce the environmental impact of the proposed seaport.”

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Tue, 09 Apr 2019 20:45:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218278/kangaroo-island-plantation-timbers-outlines-vision-for-hardwood-exporting-via-ki-seaport-218278.html
<![CDATA[News - Kangaroo Island Plantation Timbers to outline hardwood export strategy during CEO Sessions ]]> https://www.proactiveinvestors.com.au/companies/news/217598/kangaroo-island-plantation-timbers-to-outline-hardwood-export-strategy-during-ceo-sessions-217598.html Kangaroo Island Plantation Timbers Ltd (ASX:KPT) proposes to develop a hardwood export business and will outline its progress to investors during next week’s Proactive CEO Sessions.

The strategy is based on the company’s plantations on Kangaroo Island, off the coast of South Australia, where it has 15,000 hectares planted of a total landholding of 25,000 hectares.

Tuesday and Wednesday sessions

Managing director John Sargeant will address the CEO Sessions in Sydney on Tuesday, April 9 and in Melbourne the following day, Wednesday, April 10.

John Sargeant.

READ: Kangaroo Island Plantation Timbers secures additional land for its Smith Bay wharf site

As part of its export strategy, the company proposes to build an export facility at Smith Bay and is buying an additional 173-hectare coastal site to cater for its plans.

This is in addition to the 12-hectare site that the company purchased in 2014 at Smith Bay.

Export facility proposed

The company is progressing through the approvals process for construction of a wharf at Smith Bay for export operations.

In this regard, South Australia’s Minister for Planning, Transport and Infrastructure has determined that the two-month public consultation period for the wharf can start.

Members of the public, businesses and government agencies will be able to lodge submissions during the two months until May 28, 2019.

The company will address all submissions received during this period and may modify its proposal to address any concerns and objections or to increase the benefits of the proposed facility to the environment, economy and community.

Environmental effects “minimal and manageable”

It believes that the project will then be capable of receiving approval, given that the EIS demonstrates that its environmental effects are minimal and manageable.

The EIS also demonstrates that the mobilisation of the dormant timber sector on Kangaroo Island is of great benefit to the island, the state and to Australia’s exports more generally.

READ: Kangaroo Island Plantation Timbers completes $1 million share purchase plan

The company has recently raised $1 million through a share purchase plan (SPP) with 483,250 shares issued at $2 each, a 14.9% discount to the last closing share price.

Funds will be used for additional approval costs, pontoon enhancements, pre-approval value engineering studies and increased contingency.

Register for the CEO Sessions today

Sydney details, Tuesday, April 9, 2019

Melbourne details, Wednesday, April 10, 2019

Also featuring at both sessions will be Elementos Limited (ASX:ELT), ioneer Ltd (ASX:INR), Yandal Resources Ltd (ASX:YRL) and Metro Mining Ltd (ASX:MMI)

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Mon, 01 Apr 2019 17:11:00 +1100 https://www.proactiveinvestors.com.au/companies/news/217598/kangaroo-island-plantation-timbers-to-outline-hardwood-export-strategy-during-ceo-sessions-217598.html
<![CDATA[News - Kangaroo Island Plantation Timbers completes $1 million share purchase plan ]]> https://www.proactiveinvestors.com.au/companies/news/216597/kangaroo-island-plantation-timbers-completes-1-million-share-purchase-plan-216597.html Kangaroo Island Plantation Timbers Ltd (ASX:KPT) has raised $1 million through a share purchase plan (SPP) with 483,250 shares issued at $2 each, a 14.9% discount to the last closing share price.

The funds will be used for additional approval costs, pontoon enhancements, pre-approval value engineering studies and increased contingency.

READ: Kangaroo Island Plantation Timbers secures additional land for its Smith Bay wharf site

The SPP comes after the company raised $10 million in February through an institutional placement of 4.67 million shares issued at $2 a share and a further 330,000 shares issued to directors.

New shares issued in the SPP are also at a 14.9% to the five-day volume weighted average price of $2.35.

The SPP was capped at $1 million and closed on March 12, 2019, with shares expected to be issued today and holding statements dispatch Wednesday, March 20.

Developing port operations

KPT owns 100% interest in substantial hardwood and softwood assets on Kangaroo Island off the coast of South Australia.

The company is in the process of finalising primary approvals to develop port operations on the island for the primary purpose of conducting a profitable operation exporting timber with minimal environmental impact.

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Sun, 17 Mar 2019 22:37:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216597/kangaroo-island-plantation-timbers-completes-1-million-share-purchase-plan-216597.html
<![CDATA[News - Kangaroo Island Plantation Timbers secures additional land for its Smith Bay wharf site ]]> https://www.proactiveinvestors.com.au/companies/news/192897/kangaroo-island-plantation-timbers-secures-additional-land-for-its-smith-bay-wharf-site-192897.html Kangaroo Island Plantation Timbers Ltd (ASX:KPT) is buying an additional 173-hectare coastal site at Smith Bay in Kangaroo Island, located off the mainland of South Australia.

This is in addition to the 12-hectare site that the company purchased in 2014 at Smith Bay.

Ongoing development activities at proposed timber export facility

KPT is currently completing the approval processes for the construction of a wharf at Smith Bay for export operations.

The company has 25,000 hectares of land in Kangaroo Island of which 15,000 hectares are planted. The plantation contains 80% eucalypts and 20% pine, with the trees at or near maturity.

The additional land provides the company with greater flexibility in the layout and capability of its onshore facilities at Smith Bay.

It also gives room for the facility to expand in the future, should this be required.

READ: Kangaroo Island Plantation Timbers bags $20 million via oversubscribed share placement

In December 2017, the company raised $20 million via an institutional share placement at $2 per share, to commercialise its timber products.

Following the completion of the placement, KPT is well funded to undertake ongoing development activities in relation to its proposed export facility at Smith Bay.

Shortage of quality hardwood in Asia

KPT entered into a marketing arrangement last year with a subsidiary of Mitsui & Co Ltd (TYO:8031).

The arrangement provides that Mitsui will purchase up to 500,000 tonnes per annum of woodchip from KPT following the construction of its Smith Bay wharf.

It is worth noting that there is an emerging shortage of quality hardwood woodchips available to Asian markets, due to growing demand for fibre-based consumer goods, and significant supply constraints.

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Fri, 09 Mar 2018 14:03:00 +1100 https://www.proactiveinvestors.com.au/companies/news/192897/kangaroo-island-plantation-timbers-secures-additional-land-for-its-smith-bay-wharf-site-192897.html
<![CDATA[News - Kangaroo Island Plantation Timbers bags $20 million via oversubscribed share placement ]]> https://www.proactiveinvestors.com.au/companies/news/188153/kangaroo-island-plantation-timbers-bags-20-million-via-oversubscribed-share-placement-188153.html Kangaroo Island Plantation Timbers Ltd (ASX:KPT) has successfully raised $20 million via an institutional share placement at $2.00 per share, to commercialise its timber products.

The placement was heavily oversubscribed with a number of new institutional investors introduced to the register.

KPT owns 85% of the plantation forestry on Kangaroo Island, located off the mainland of South Australia.

Its portfolio is about 80% hardwood (eucalyptus) and 20% softwood (pine).

The eucalyptus grown on Kangaroo Island is believed to be equal to the best quality woodchips currently exported from Australia.

Following the completion of the placement, KPT will be well funded to undertake ongoing development activities in relation to its proposed export facility at Smith Bay.

The company is currently completing the permitting process for the construction of the wharf and site facilities.

KPT recently entered into a memorandum of understanding with Mitsui Bussan Woodchip Oceania, a subsidiary of Mitsui & Co Ltd (TYO:8031), to create an exclusive marketing arrangement.

Significantly, the arrangement provides that Mitsui will purchase up to 500,000 green tonnes per annum of woodchip from KPT on a free-on-board basis or equivalent.

The woodchip sales have an expected start date in the fourth quarter of FY 2018/2019, assuming timely development approval and a nine-month construction period for the company’s Smith Bay wharf.

It is worth noting that there is an emerging shortage of quality hardwood woodchips available to Asian markets, due to growing demand for fibre-based consumer goods, and significant supply constraints.

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Mon, 04 Dec 2017 11:25:00 +1100 https://www.proactiveinvestors.com.au/companies/news/188153/kangaroo-island-plantation-timbers-bags-20-million-via-oversubscribed-share-placement-188153.html
<![CDATA[News - Kangaroo Island Plantation Timbers attracts sophisticated investors to unique offering ]]> https://www.proactiveinvestors.com.au/companies/news/188010/kangaroo-island-plantation-timbers-attracts-sophisticated-investors-to-unique-offering-188010.html Kangaroo Island Plantation Timbers Ltd (ASX:KPT) holds a unique asset in eucalyptus trees, which can continue to grow with little investment.

The company has potential for sustainable production of 500,000 green tonnes per annum, adding around 6% to Australia’s timber exports.

Eucalyptus globulus grown on Kangaroo Island is expected to be equal to the best quality woodchips currently exported from Australia.

KPT recently entered into a Memorandum of Understanding with Mitsui Bussan Woodchip Oceania Pty Ltd creating an exclusive marketing arrangement.

The company is now preparing to outline details of a placement to sophisticated investors, and the ASX has granted a trading halt.

The halt will remain in place until the opening of trade on Monday 4th December 2017, or earlier if an announcement is made to the market.

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Thu, 30 Nov 2017 09:24:00 +1100 https://www.proactiveinvestors.com.au/companies/news/188010/kangaroo-island-plantation-timbers-attracts-sophisticated-investors-to-unique-offering-188010.html
<![CDATA[News - Kangaroo Island Plantation Timbers Ltd to reveal raising ]]> https://www.proactiveinvestors.com.au/companies/news/168772/kangaroo-island-plantation-timbers-ltd-to-reveal-raising-168772.html The halt will remain in place until the opening of trade on Monday 14th November 2016, or earlier if an announcement is made to the market.

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Thu, 10 Nov 2016 09:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/168772/kangaroo-island-plantation-timbers-ltd-to-reveal-raising-168772.html
<![CDATA[News - Kangaroo Island Plantation Timbers Ltd to establish multi-user wharf site ]]> https://www.proactiveinvestors.com.au/companies/news/165673/kangaroo-island-plantation-timbers-ltd-to-establish-multi-user-wharf-site-70804.html Kangaroo Island Plantation Timbers Ltd (ASX:KPT) will carry out a soil and groundwater study as part of its effort to establish a multi-user wharf site at Smith Bay on Kangaroo Island, South Australia.

Kangaroo Island Plantation is Australia’s only listed timber company, managing a wholly-owned portfolio of hardwood and softwood forestry plantations on Kangaroo Island, South Australia.

The results of the soil and groundwater study will assist in the environmental management of construction and operational activities.

An improved understanding of the geotechnical conditions will help in the design of the landside facilities needed for the storage and handling of timber products at the multi-user wharf facility.

Additionally, the company is undertaking a marine study and a terrestrial ecology survey, to assess the possible impacts of the project on marine communities and other species that inhabit the area.

In June, Kangaroo Island Plantation established a $550,000 loan facility with an entity associated with the chair of the company, Paul McKenzie.

The share price of the company has increased by about 90% since March 2016.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 02 Sep 2016 09:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/165673/kangaroo-island-plantation-timbers-ltd-to-establish-multi-user-wharf-site-70804.html
<![CDATA[News - Kangaroo Island Plantation Timbers’ report supports export facility ]]> https://www.proactiveinvestors.com.au/companies/news/137674/kangaroo-island-plantation-timbers-report-supports-export-facility-56943.html Kangaroo Island Plantation Timbers (ASX:KPT) has received a second report confirming that a timber export facility is likely to be physically and economically feasible at its Smith Bay site on the northern coast of Kangaroo Island, South Australia.

The Smith Bay site is favoured over other sites because of its relative proximity to tree plantations, its location outside marine habitat protection zones and availability of large quantities of basalt rock from a crown reserve quarry.

In addition, the bathymetric report revealed that the seabed adjoining the company’s land has been dredged in the past to create a deep channel.

KPT plans to either to develop the export facility – ideally in conjunction with other timber owners on Kangaroo Island, or to sell land and timber to a party that is itself willing to complete the development of the export facility.

Discussions are underway with other Kangaroo Island timber owners about the best ownership and financial arrangements under which to develop a path to market for the Island’s timber.

It is also in discussions with several parties about the design, financing, construction and operation of any facility and with the South Australian Government about the steps needed to gain regulatory approval.

The FOB value of standing timber on Kangaroo Island is estimated at approximately $400 million, even at current depressed world timber prices, and is increasing through annual tree growth.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 15 Aug 2014 11:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/137674/kangaroo-island-plantation-timbers-report-supports-export-facility-56943.html
<![CDATA[News - Kangaroo Island Plantation Timbers sells tree farm ]]> https://www.proactiveinvestors.com.au/companies/news/137673/kangaroo-island-plantation-timbers-sells-tree-farm-51514.html Kangaroo Island Plantation Timbers (ASX:KPT) has entered into an agreement to subdivide 150 hectares of arable land from its Vinkepas property, a former eucalypt plantation, and to sell the resulting subdivided area for $230,000 plus subdivision costs, to be borne by the purchaser.

Final settlement of the sale of the property on Kangaroo Island, South Australia, is scheduled to occur in mid-2014, upon completion of the subdivision process.

The sale price represents 81% of the property’s pro-rata carrying value in the company’s accounts.

KPT intends to market the remainder of Vinkepas and another property for sale or lease as agricultural land in 2014.

Kangaroo is capitalised at around $2 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 31 Dec 2013 13:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/137673/kangaroo-island-plantation-timbers-sells-tree-farm-51514.html