Miner finalises dairy deal

MINING firmGloucester Resources Limited (GRL) has purchased one of the valley’s largestdairy properties as it continues its preparations for the development of theRocky Hill coal mining project.

Mining company GRL has purchased one of the valley’s largest dairies.

The sale of the292ha (722 acre) Speldon Partnership farm, owned by the Maslen family, to GRLwas finalised early this week.

The agreement,which took two years to negotiate, will see the Maslen family stay on the landand continue to operate and manage the existing dairy business.

GRL has notdivulged how much it paid for the property – citing a commercial in confidenceagreement between the two parties.

The Maslen’s willhave access to neighbouring properties owned by GRL to expand the dairyoperation’s footprint by more than 50 per cent and funds from the sale of theirexisting property will be invested in new equipment and technologies.

“The Maslenfamily has been farming in the Gloucester Shire for more than 75 years andbelieves this plan will allow their business to stay at the forefront ofdairying best practice and continue to grow,” GRL chief executive GrantPolwarth said.

Mr Polwarth saidboth parties believe that the proposed Rocky Hill coal mine and agriculture cansuccessfully operate side by side.

“Rocky Hillrepresents about one quarter of our land holdings in the Gloucester district,”he said.

“It is ourintention that any land owned by GRL, which is not part of proposed miningactivities, will be farmed.

“The Maslenfamily are well respected and acknowledged leaders in the dairy industry andoperate a number of related businesses in Gloucester which provide importantservices to the community.

“We believe thisis a win-win for both parties and look forward to a long and mutuallybeneficial association.”

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Posted by at 21/05/2019
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