News Articles for Santanol

Silvalis Sandalwood has come through turbulent times with a large plantation resource ready to harvest.

When farming activity started in the Ord River irrigation area in the 1960s, the initial focus was on cotton.

The co-operative that distributes water in the Ord River irrigation area has scored a big court victory over the state government, retaining its current water allocation to support the development of new cotton farms. The state government had wanted to slash the Ord Irrigation Co-operative's annual water allocation by one third.

Canada-based forest products company Mercer International has confirmed it will acquire privately owned Indian sandalwood producer Santanol for an unspecified sum.

The creditors of sandalwood company Quintis, led by US group Blackrock, have proposed injecting $175 million to take control of the business, in a deal that is likely to leave shareholders with no return.

The directors of Quintis have shed light on two restructuring proposals they had been trying to finalise, after announcing on Sunday they had placed the sandalwood producer in administration because of its inability to make a $37 million payment due in two weeks.

The private investors in sandalwood business Santanol Group, led by Tony Jack and Bob Bunning, have gained backing from litigation funder IMF Bentham for their fight against private equity group KKR.

A group of Western Australian investors has started legal action against US-based KKR, calling on the private equity giant to buy them out of Indian sandalwood producer Santanol Group at fair value or else have the business wound-up.

A dispute over Indian sandalwood producer Santanol Group has pitted 21 Western Australian investors, led by forestry veterans Bob Bunning and Tony Jack, against private equity giant KKR and its local representatives, including Jock Clough and incoming Wesfarmers executive Ed Bostock.

Listed sandalwood producer TFS Corporation and China-backed Kimberley Agricultural Investment have been selected as the preferred proponents to develop 5,000 hectares in the Ord River irrigation area.

The development of the Ord River region in the state's far north will be significantly affected by the tender process for 5,000 hectares of land released by the state government last week.

Twenty years after Wesfarmers bought Bunnings in a contentious takeover, we reflect on the family that started one of Australia's biggest retail successes.

AN investment group backed by private equity player KKR, and forestry veterans Tony Jack and Bob Bunning, is set to become the second largest owner of Indian sandalwood plantations in the Ord River