Quintis controls more Top End groundwater than government-owned water and electricity provider – ABC Online

Embattled Indian sandalwood producer Quintis controls at least 51,277 megalitres of water the largest volume of licenced water in the Northern Territory significantly more than any other agricultural, industrial or government entity, ABC Rural can reveal.

NTCH Quintis water facts

Quintis controls:

26 per cent of the Top End’s total allocated water
49 per cent of the Oolloo Dolostone aquifer’s total allocated water
22.4 per cent of the Tindall Limestone aquifer’s (Mataranka) allocated water
5 per cent of the Tindall Limestone aquifer’s (Katherine) allocated water

The figure is far greater than the 29,335ML the NT Department of Environment and Natural Resources (DENR) records as owned outright by the company.

Quintis owns, le…

Read the full article at: http://www.abc.net.au/news/rural/2017-10-16/sandalwood-quintis-controls-largest-amount-of-water-in-top-end/9018262

Category: LiquidationBy Insolvency Advisory Accountants October 15, 2017

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