Gina Rinehart purchase of feedlot in Warwick
Hancock Prospecting has announced it has purchased Warwick's Maydan feedlot. The feedlot accommodates both short-term and long-term custom feeding and is licensed to carry 8,000 standard cattle units, specialising in providing feeding strategies for premium beef producers. It has demonstrated a consistent ability to produce premium high grade beef, most recently assisting several of its customers in producing award winning beef products. Speaking after the transaction HPPL Chairperson Gina Rinehart said the Maydan acquisition continues the company's pursuit of investments in the cattle industry with a focus on optimising the quality of beef.