CPC sells Mimong Station to Northern Territory pastoralist Sterling Buntine, reportedly for $20 million.
Mimong Station in North West Queensland is in a region that received record amounts of rain in February.Consolidated Pastoral Company has sold its Mimong Station in Queensland's North West to Northern Territory pastoralist Sterling Buntine, reportedly for $20 million.
The 80,000-hectare property, which was one of the smaller in CPC's portfolio, has a carrying capacity of around 9,000 head of cattle, but was sold without stock. Sterling Buntine owns cattle properties in the Northern Territory's Barkly region and Western Australia's Kimberley, and in 2016 was part of a group of cattle barons who made an"The acquisition of Mimong Station by Sterling Buntine reflects the quality of the station and its strategic fit with their existing pastoral interests," CPC chief executive Troy Setter said in a statement.
The resulting pasture growth on the property would likely be a significant asset to Mr Buntine, whose Alroy Downs and Dalmore Downs stations are in the heart of the The 80,000-hectare property has a carrying capacity of around 9,000 head of cattle, but was sold without stock.
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