This article is from the Australian Property Journal archive
MINING magnate Andrew ‘Twiggy’ Forrest’s pastoral company, Minderoo Group, has snapped up two cattle stations in the Gascoyne, Western Australia for $10 million.
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The Brickhouse Station and Minilya Station cover approximately 500,000ha and will increase Forrest`s pastoral land holdings in WA to more than one million hectare and a cattle herd of 30,000 heads.
He already owns three pastoral properties in the Pilbara, including Minderoo 50 kilometres south-east of Onslow, the former Nanutarra and Uaroo stations.
This is the second acquisition by a mining magnate in a week after heiress Gina Rinehart paid $30 million for Fossil Downs in the Kimberley.
Rinehart acquired the 400,000ha Fossil Downs Station from the Henwood family, who have owned it since 1882. The station includes 15,000 cattle heads.
The purchase increases Rinehart`s rural agribusiness interests and follows the $40 million purchase for a 50% stake in the Liveringa and Nerrima Stations in the Kimberley.
Australian Property Journal
