Once again, just like it did during the global financial crisis, the dirt and rocks buried in the Big State provide a lucrative windfall that continues to make our economy the envy of the world. McGowan’s public purse is bursting at the seams thanks to our resources sector, a little fact he might want to keep in mind when the industry needs him as they battle against his mate Anthony Albanese.
Responsibility for the editorial comment is taken by WAN Editor-in-Chief Anthony De Ceglie | 16 December 2022
Following from last year’s very special Christmas Lights Competition in the country, the Christmas Lights Competition was back for 2023 with some amazing houses who had decorated this with lights, fairy buds, reindeer, Santa, stars – and more! Another dazzling display for the country, and a very big congratulations for all of this year’s winners and entrants.
For outstanding international success in the field of agricultural products, services or technology including farm production, manufactured foods and beverages, forestry and fisheries. Agribusiness, Food and Beverages 2022 Winner 2GR Wagyu Beef (Whadjuk, WA) Beef export enterprise 2GR Wagyu Beef has one of the largest purebred Wagyu beef herds in the world and exports to key markets across Asia, the UK, UAE and Canada.
Invest like the rich is advice, which nearly always works, because most rich people have a knack for growing their fortunes – something small investors can learn from the latest financial adventures of three mining billionaires. Amassing a collective fortune of more than $65 billion, Gina Rinehart, Andrew Forrest and Chris Ellison have generated the bulk of their wealth in the iron ore mines of WA. Rinehart leads the way on the Bloomberg billionaires list with an estimated net worth of $35 billion. Forrest is said to be worth $31 billion, while Ellison has just joined the ranks of Australia’s “billies” with a modest $1.5 billion.
Iron ore development in Western Australia is drawing attention thanks to big moves made by Hancock Prospecting and BHP. Hancock Prospecting executive chair Gina Rinehart has shown that her recent investments in gas and critical minerals have not shifted her presence in the iron market. Rinehart has fully united both Roy Hill and Atlas Iron under one roof thanks to an initial deal struck in 2018. The new conglomerate will see Roy Hill chief executive Gerhard Veldsman become CEO of group operations at Hancock. The new title will come with added responsibility for Roy Hill and Atlas Iron operations, as well as other projects.
AUSTRALIA’S richest person has invested in Arafura Resources’ Territory-based rare earths Nolans Project. Gina Rinehart’s Hancock Prospecting has invested $60m into the company which has embarked on a drive to raise funds months out from expected full project approvalArafura chief executive Gavin Lockyer said the placement had helped bring the project closer. “We are extremely pleased with the number of new and significant Australian and offshore institutional investors joining our register including Hancock Prospecting, a company well experienced in large project developments,” Mr Lockyer said.
8 December 2022.
Mrs Rinehart and Hancock Prospecting Pty Ltd have been made aware of fake social media posts and associated news stories alleging that Mrs Rinehart has invested into a new automated trading platform.
Mrs Rinehart has not made the alleged investment or recommendations or quotes set forth in these adverts. This is a scam designed to use Mrs Rinehart’s positive corporate image to lure people in to invest.
Gina Rinehart’s Hancock Prospecting has moved to shake up the leadership team behind its money-spinning iron ore interests in the Pilbara. The company said the restructure would form part of its push to significantly increase annual exports in coming years. “With planned growth in scale from 60 million tonnes to 100mt, along with increasing complexity of the Roy Hill rail and port logistics system, Hancock will establish two new key roles to come into effect from January 30 — CEO group projects and CEO group operations,” Hancock said.
The chief executives leading Atlas Iron and Roy Hill will be bumped up to new overarching roles within the broader Hancock Prospecting group as it moves on big growth plans for iron ore. Gina Rinehart’s private business announced today that two new roles would be created in light of the ‘growing complexity’ rail and port systems within Roy Hill and bigger plans to lift production from 60mtpa to 100mtpa.
Australia’s richest person Gina Rinehart will end up with roughly 10% of Arafura Rare Earths Ltd by pumping a massive $60 million into the rare earths developer, underlining the excitement around the development of its Nolans Project. The iron ore magnate, whose private company announced a massive $5.8 billion profit last week and spearheaded the construction of the US$7 billion Roy Hill iron ore mine, will tip in almost half of the $121 million firmly committed to a placement to accelerate the Nolans’ development schedule.
Gina Rinehart’s Hancock Prospecting has become the latest mining major to join the queue in rare earths, taking a 10 per cent stake in Northern Territory hopeful Arafura Rare Earths. Hancock has taken a cornerstone $60m stake in Arafura as part of a $121m placement at 37c, which will eventually give Ms Rinehart’s family company a stake worth about 10 per cent of the rare earth project developer.
