Friday July 10, 2020

Mining versus Magnier: Coolmore battles US giant

Racing tycoon warns his Australian stud farm could be threatened if plans for an open cut mine are approved

1st November, 2015
Coolmores 3,600-acre stud farm in the Hunter Valley in Australia and John Magnier Picture: Mathew Courtney/Inpho

Coolmore, the international bloodstock empire controlled by the Irish tycoon John Magnier, has warned that the viability of its huge Australian stud farm would be in question if plans for an open cut mine within one kilometre of its operation are approved.

In its starkest warning yet to planning authorities in New South Wales, Coolmore is arguing that its international brand and reputation would be damaged, while owners would become fearful of dispatching valuable stallions...

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