ELD 0.90% $8.97 elders limited

elders thinks legal action against government

  1. 838 Posts.
    http://www.abc.net.au/news/stories/2011/06/23/3251475.htm?site=northwestwa§ion=news

    Almost 2,000 cattle, stranded in Port Hedland holding yards in the wake of the ban on live exports to Indonesia, could be on the move within days.

    The rural conglomerate Elders had planned to sell the animals to another exporter but the deal fell through, and keeping the cattle in the yards is costing the company thousands of dollars a day.

    Elders' chief executive Malcolm Jackman says he had little choice but to send them to nearby Pilbara properties for agistment.

    "I mean we've been hanging on and hanging on, given some optimism on our part that we would actually see the trade resume, given the fact that Elders has got a closed loop but that hope seems to be fading," he said.

    Elder says it is considering legal action against the Federal Government over the ban.
 
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