… Mining and pastoral baroness, Gina Rinehart, will merge management of recently acquired Northern Territory beef holdings… “We will copy what we have introduced successfully on our other Hancock stations, and are currently rolling out across Kidman properties also”… In June Hancock also bought the 8000-head Maydan feedlot at Warwick in Queensland after late last year becoming one of Australia's four biggest beef producers when it acquired most of S. Kidman and Company’s cattle properties for $386.5 million in partnership with China’s Shanghai CRED...

 

 

Gina consolidates beef agenda with latest NT purchase

 

Andrew Marshall, Queensland Country Life (Australia)

11 Oct 2017

 

Mining and pastoral baroness, Gina Rinehart, will merge management of recently acquired Northern Territory beef holdings “Willeroo” and “Aroona” after confirmating Hancock Prospecting’s agriculture division has bought the 171,000-hectare Willeroo Station.

 

The breeding property, about 100 kilometres west of Katherine on the Victoria Highway, carries about 20,000 head.

 

Last week it was bought for an undisclosed sum, on a walk-in, walk-out basis (with 19,000 cattle) from Agri International, the Australian arm of big Indonesian lot feeding company Great Giant Livestock (GGL), which sourced cattle for two Sumatran feedlots via the property.

 

“Willeroo” will be run jointly with the 147,510ha Aroona Station, which the Rinehart empire bought in February from John and Kate McLoughlin, reportedly for about $24 million.

 

At the time “Aroona” had a carrying capacity of 15,000 head, however Hancock’s management plans have included investing on improvements to lift carrying  capacity and operating efficiencies across its fast expanding property portfolio.

 

“We were interested to secure `Willeroo’ because we believe we can add improvements and value to the station,” said Mrs Rinehart, whose family cattle operations date back to some of the first holdings established in North West Australia in the 1800s.

 

Gina’s broadening footprint

 

“We will copy what we have introduced successfully on our other Hancock stations, and are currently rolling out across Kidman properties also.”

 

Hancock’s other northern beef stations include “Helen Springs”, “Riveren and “Inverway” in NT, “Ruby Plains”, “Fossil Downs”, “Liveringa”, “Nerrima” and “Mulga Downs” in Western Australia.

 

In June Hancock also bought the 8000-head Maydan feedlot at Warwick in Queensland after late last year becoming one of Australia's four biggest beef producers when it acquired most of S. Kidman and Company’s cattle properties for $386.5 million in partnership with China’s Shanghai CRED...

 

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http://www.queenslandcountrylife.com.au/story/4978177/gina-consolidates-beef-agenda-in-nt/?cs=4699