Embattled sandalwood producer Quintis has announced the purchase of $3 million of sandalwood from growers operating on plantations managed by the company.
Troubled sandalwood producer Quintis says its board intends to advise shareholders to vote against a series of resolutions to spill the board, while also announcing a one week extension on its forbearance agreement.
A group of Quintis shareholders has requisitioned a general meeting to spill three directors, including chairman Dalton Gooding, with avocado grower Craig Duncan, Kimberley Development Commission director Robert Boshammer and property developer John Allen nominating for roles.
Quintis chairman Dalton Gooding has come under fire from company founder and former chief executive Frank Wilson and other shareholders at a heated annual meeting today.
Industry stakeholders are concerned about the level of port market share held by grain handler CBH Group, while entry for new players like Bunge has been challenging, according to a new Australian Competition and Consumer Commission report.
The western rock lobster industry contributes $282 million and around 900 jobs directly to the Western Australian economy with an overall impact of more than $500 million, a new report has found.
A new accelerator program for startups in the agribusiness sector will get under way next year after securing funding from the state government’s Department of Primary Industries and Regional Development.
Western Australian avocado farmer Jennifer Franceschi has won a category in the national Telstra Businesswoman of the year awards, although News South Wales-based refugee advocate Violet Roumeliotis took out the top prize.
Embattled sandalwood producer Quintis has been thrown a lifeline after entering into a high-interest debt facility for up to $US20 million ($15 million), while also announcing a net loss after tax of $416.8 million for the year to June 2017.
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.
The Western Australian cooperative and mutuals sector continues to perform strongly on the national stage, with WA accounting for four of the country’s top 10 co-ops and mutual enterprises, a new report has found.
A Cottesloe-based agribusiness is hoping to improve operational productivity by increasing its use of data across the life cycle of its livestock and in its supply chain management.
Shark Bay shellfish producer Mareterram is expanding into the mackerel business with the $4.95 million purchase of an established fishing fleet, support vessels, and licences.
Avocado grower and Fresh Produce Alliance co-founder Jennifer Franceschi has been named the Telstra Western Australian Businesswoman of the Year, joining an alumni that includes Gina Rinehart.
