New Kangaroo Island wharf doesn't wash: abalone farmer

A battle is brewing between the ASX-listed Kangaroo Island Plantation Timbers and the country's largest abalone farmer Yumbah Aquaculture over a proposed wharf required for the transportation of major timber supplies from Kangaroo Island in South Australia.

Kangaroo Island Plantation Timbers (KPT) successfully closed the institutional component of an equity raising late last year which will be used to help fund the purchase of a timber plantation from New Forests for $55 million and the development of the new export facility.