Anna Creek is adjacent to the Woomera weapons testing site, a concern noted by Morrison in rejecting the sale.The Hancock deal is reliant on the separate sale of Anna Creek being completed. Proceeds from the sale of that and another station will be paid to Kidman and retained in the company for the benefit of Australian Outback Beef. "We welcome the significant investment proposed in addition to the purchase price and are confident that the Kidman business will be in good hands,' Kidman Chairman John Crosby said.A source familiar with the Dakang bid told Reuters in late August that it was considering a fresh bid of its own with potential domestic investors.Rinehart would be a formidable opponent if Dakang pushed ahead. She is Australia's richest woman with assets worth $11.1 billion, according to Forbes, largely tied to iron ore assets.In August, she named former lawmaker Sophia Mirabella to a senior role at Hancock Prospecting. She is also close to Deputy Prime Minister Barnaby Joyce.

Source: The Star October 09, 2016 08:37 UTC