MINING magnate Andrew Forrest has bought back the family’s iconic Pilbara cattle station, Minderoo Station, for $12m at auction yesterday.
Mr Forrest did not attend the auction at Rydges Hotel in Perth, instead placing bids through an old school friend and his solicitor, while keeping in contact by mobile phone.
The Forrest family, including Andrew and his father Don, made a surprise appearance at the hotel after the auction.
A crowd of around 80 attended the auction, conducted by Elders Real Estate auctioneer Malcolm French.
Mr French said Minderoo was one of WA’s best pastoral stations and it was an outstanding blue ribbon investment property.
Mr French also conducted the 1998 auction of Minderoo, when it sold for $2.45m to Murion Pastoral Company.
The reserve price for Minderoo station was $12m.