It's the bulldust that's flying between the two aspirant owners of
the Kidman cattle empire as each tries to out - Aussie the other.
Kidman cattle bidder Genius Link Group founder Joel Chang says he wants to build a «small Cargill» and he has $ 1 billion to fund his Australian agribusiness ambitions.
Gina Rinehart and Shanghai CRED's joint venture has proposed a counter-bid to that of the all - Australian consortium competing for
the Kidman cattle empire, and says Hancock Prospecting would wholly acquire the target if foreign investment approvals aren't awarded.
Not exact matches
Kidman is Australia's biggest private landholder and operates 10
cattle stations, a stud farm, and a feedlot covering more than 100,000 square kilometres.
Kidman is Australia's biggest private landholder and operates 10
cattle stations, a stud farm, and feedlot covering more than 100,000 square kilometres.
In November, Treasurer Scott Morrison blocked the sale of Australia's most iconic
cattle company, S.
Kidman & Co., to a foreign buyer because one of
Kidman's biggest ranches borders a weapons - testing range.
S.
Kidman & Co, a unit of Rinehart's Hancock Prospecting Pty, wants to increase its herd size by 25 per cent to around 200,000
cattle within two to three years, according to board member Andrew Robb.
Kidman was founded in 1899 by Sidney
Kidman, Australia's so - called
Cattle King.
The consignment was shipped by real estate developer - cum - agricultural investor Shanghai CRED, which last year teamed up with Gina Rinehart to buy the S
Kidman & Co
cattle properties for $ 365 million.
Sources close to the deal told The Australian Financial Review that QIC, which has looked at other major
cattle station operators such as S.
Kidman & Co and the former Packer family - owned Consolidated Pastoral, was in the final stages of buying the business in a deal with the Foster family, which has a major stake in the NAPCO business.
The plans for the
Kidman properties purchased with China's Shanghai CRED late in 2016 include major investments in infrastructure and technology, including the use of drones, communications upgrades and sophisticated
cattle monitoring.
Hancock Prospecting owns more
cattle properties and associated production assets in its own right than through its majority stake in S.
Kidman & Co..
The company has 155,000 head of branded
cattle, which is about 14 per cent below S
Kidman & Co's long - term average carrying levels.
The Adelaide - based S
Kidman & Co will be offered in its entirety as a going concern, including stock, plant, feedlot and 11
cattle stations sprawling across Queensland, South Australia, Western Australia and the Northern Territory.
Earlier he rejected the
Kidman sale particularly on the security grounds that Anna Creek Station, the biggest working
cattle station in the world, overlapped the Woomera Prohibited Area.
Synopsis: With the globe on the brink of World War II, Lady Sarah Ashley (Nicole
Kidman) travels from Britain to Australia to inspect a
cattle ranch she inhe... [MORE]
Australia Starring Hugh Jackman and Nicole
Kidman Rated PG - 13 for some violence, a scene of sensuality, and brief strong language Available on DVD and Blu - ray Set in Australia during the second world war, Jackman and
Kidman meet and fall in love during a rough and tough
cattle drive that nearly costs them their lives.
OPENING THIS WEEK Kam's Kapsules: Weekly Previews That Make Choosing a Film Fun by Kam Williams For movies opening Thanksgiving 2008 BIG BUDGET FILMS Australia (PG - 13 for violence, sensuality and profanity) Romance drama, set at the dawn of WWII just before the bombing of Darwin by the Japanese, chronicles the love relationship which blossoms between a genteel heiress (Nicole
Kidman) and the rough - hewn rancher (Hugh Jackman) who helps her drive a herd of 2,000 head of
cattle to market across hundreds of miles of unforgiving terrain.