Australian Agriculture Company.docx - Australian...

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Australian Agricultural CompanyAustralian Agricultural Company LimitedTypePublicTraded asASX: AACIndustryBeef and agricultureFounded1824; 197 years agoHeadquartersBrisbane, Queensland, AustraliaKey peopleHugh Killen (CEO)Number of employees500WebsiteThe Australian Agricultural Company (AACo) (ASX: AAC) is a public-listed Australiancompany that, as at 2018, owned and operated feedlots and farms covering around seven millionhectares (17 million acres) of land in Queensland and the Northern Territory, roughly one percentof Australia's land mass. As of July 2008 AACo had a staff of 500 and operated 24 cattle stationsand two feedlots, consisting of over 565,000 beef cattle.[1]Contents1Founding2Coal2.1Australia's first railway3Short-lived coal monopoly & providing land access: disputes with James Mitchell
4Company towns5Cattle stations6See also7References8Further reading9External linksFoundingThe company was founded in 1824 through an Act of the British Parliament, with the right toselect 404,686 hectares (1,000,000 acres) in New South Wales for agricultural development, it isone of Australia's oldest still-operating companies. Its headquarters are today in Brisbane and ithas been listed (or relisted) on the Australian Stock Exchange since 2001.Among the principal members of this company were the Attorney-General and the Solicitor-General of England, 28 Members of Parliament, including Mr. Brougham, and Joseph Hume, theGovernor, Deputy Governor and eight of the directors of the Bank of England; the Chairman andDeputy-Chairman and five directors of the British East India Company, besides many othereminent bankers and merchants of England. AACo acquired its first property Tahlee in NewSouth Wales on 24 December 1829.[2]The area selected under the founding charter extended from Port Stephens, embracing theKaruah River valley, to the Gloucester flats, and to the Manning River, including most of thenorthern shore of Port Stephens, extending to 188,033 ha (464,640 acres). The company hadcommenced its operations in order to improve flocks of Merino sheep in New South Wales for
However, it soon found that better land was available and, in 1830, a communication from theSecretary of State for the Colonies to Governor Darling notified the latter that the company wasto be permitted to select land in the interior of the colony, in lieu of an equivalent area at PortStephens, but retaining mineral rights to the latter. After an inspection in 1833, the companydecided on two new areas. These were the Warrah Estate of 101,010 ha (249,600 acres), west ofMurrurundi, and Goonoo Goonoo estate of 126,787 ha (313,298 acres), along with the left bankof the Peel River to the south of present-day Tamworth, New South Wales. The township of WestTamworth adjacent to the present city was the original company-owned business centre for the

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Term
Spring
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N/A
Tags
Coal, Coal mining, The Grave, AACo

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