The listed Kangaroo Island Plantation Timbers is set to announce its controversial Smith Bay Wharf proposal will be assessed under the major projects pathway following a declaration from the Deputy Premier of South Australia John Rau, giving the company greater certainty for the export of its timber.
The announcement has also led to the company signing a Memorandum of Understanding with Japan's Mitsui Bussan Woodchip Oceania giving the company exclusive access to the Kangaroo Island timber and locking in a secure supply contract.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter.
