It purchased Singleton Station, a 294,900 hectare pastoral lease, located 400 kilometres north of Alice Springs, near the community of Ali Curung, in 2015.[1] In addition to the pastoral operation, Fortune Agribusiness is proposing to create a large-scale fruit farm that it estimates to provide an economic benefit worth about $100 million a year, along with 110 permanent and 1,350 seasonal jobs, although those number have been disputed.[2]
It was granted a free 30-year licence to extract up to 40,000 megalitres of groundwater a year from aquifers under the station by the Northern Territory Government in 2019, the largest ever grant of its kind. This approval involved changed to NT water legislation.[3] The project has facing community opposition including from Traditional Owners, resulting in legal action.[4][5]
