The Gina Rinehart-owned S. Kidman and Co has sold four of its stations spanning 2.4 million hectares in Queensland and the Northern Territory.
abc.net.au/news/gina-rinehart-sells-more-kidman-cattle-stations/102205502The Gina Rinehart-owned S. Kidman and Co has sold four of its cattle stations spanning 2.4 million hectares.Since buying the company in 2016, Gina Rinehart has now sold the majority of its stationsThe sale included Durrie, Naryilco, and Glengyle stations in the Channel Country of Queensland, which were bought by the Appleton Cattle Company.
Brunchilly Station in the Northern Territory, which includes the Banka Banka East pastoral lease, has been bought by the Harris family, which owns the neighbouring Rockhampton Downs. In a statement to ABC Rural, S. Kidman and Co said the stations had been bought by "Australians who are experienced in cattle operations".
"The sale of these properties is consistent with S. Kidman and Co's strategy of divesting properties where significant investment has improved them," it said.Gina Rinehart has bought and sold several cattle stations since 2016.The Kidman portfolio of stations was founded by pastoral legend Sir Sidney Kidman in the 1890s and when it was advertised for sale in 2015, covered
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