WLD 2.78% 3.7¢ wellard limited

More news today: Looks like a significant and influential...

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    More news today:

    Looks like a significant and influential consortium, including Chinese and Australian Government:

    Hancock Pastoral and New Hope will sign a memorandum of understanding with the Zhejiang provincial government next Sunday to establish a massive new cattle feedlot, quarantine and meatworks facility in southern China, to receive the expected flood of Australian cattle channelled by the new consortium.

    ....mining mogul Andrew “Twiggy” Forrest and his Minderoo pastoral company are also believed to be involved, is tipped to buy Elders’ live export business...

    ....primary industry ministers of Queensland, Northern Territory and Western Australia were last Wednesday invited by email — without warning or prior discussion of the proposal — to attend the MOU signing and become co-signatories to the deal.

    Article here:

    http://www.theaustralian.com.au/bus...p/news-story/20970075bd9196a9ad6daf0feb76a97e

    The article is unclear about the livestock shipping company/ies that will be involved.   Wellard is not listed nor inferred in the article.   My reading suggests that the consortium will manage the shipping themselves.
 
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