Rinehart buys Aroona cattle ranch
Billionaire Gina Rinehart, the richest woman in the Asia-Pacific region, has bought a cattle station in Australia’s Northern Territory, expanding her footprint in the agricultural sector. The Aroona cattle ranch covered an area of 147,510ha and holds about 15,000 cattle, said Rinehart’s Hancock Prospecting Pty yesterday. The deal price wasn’t disclosed. The purchase comes three months after Rinehart was cleared by the Australian government to buy the iconic cattle company S. Kidman & Co.