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British-backed CPC buys another NT station for $47.4m

Consolidated Pastoral Company has bought Vermelha Station in the Northern Territory for $47.4 million, which includes a water licence for 2,956ML.

  • CPC buys Vermelha Station in Northern Territory for $47.4 million
  • Station includes 2,956-megalitre water licence and 15,000 cattle
  • CPC CEO plans to irrigate crops using Vermelha's water licence

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