Mrs Gina Rinehart AO, the esteemed patron of Rowing Australia and generous sponsor through Hancock Prospecting, has been presented with the inaugural Service to Rowing Award. Mrs Rinehart’s unwavering commitment and support have not only propelled the Australian Rowing Team but have also shaped the future of the sport. A heartfelt congratulations to a true icon! 👏
The impending purchase adds to Rinehart’s Queensland investments after she acquired a 14-storey Brisbane office building for more than $100 million in February. “The acquisition of this property by Hancock is a continuation of its investment in Queensland, where Hancock has extensive investments in energy via Senex, its joint venture with POSCO, along with extensive agricultural operations and a growing Brisbane office,” her company Hancock Prospecting said in a statement at the time.
Shadow resources minister Susan McDonald has accused the Federal Government of a “regulatory war” on oil and gas as red tape drags on more than $20 billion of investment. Writing in The West Australian on Wednesday, the Queensland Liberal-National senator claimed the Government was sacrificing the oil and gas industry — the State’s second-biggest exporter — to win green votes in Sydney.
Gina Rinehart-backed Brazilian Rare Earths will list on the ASX with a market capitalization of $315 million ($220 million).The company will
hit the bourse on December 18. The listing is by way of 34 million new shares at $1.47 ($0.93).
The 2023 Australian Mining Prospect Awards were held last night in Brisbane, celebrating the mining industry and those working in it who are going above and beyond. Congratulations to all nominees, finalists and winners of the 2023 Australian Mining Prospect Awards.
“This is an example of Roy Hill using innovative solutions to meet the challenges of an extremely tight labour market, while supporting our people with retraining and helping them transition into other critical roles of the business. We thank our Executive Chairman Gina Rinehart for her leadership on this and our staff for their valued work on this program ” said CEO Hancock Operations, Gerhard Veldsman.
Gina Rinehart’s Hancock Prospecting took part in the company’s pre-IPO raise. The company will hit the bourse on December 18. The listing is by way of 34 million new shares at $1.47. Last year, Street Talk reported that Gina Rinehart’s Hancock Prospecting and another family office took up a big slice of the pre-IPO round in a raise wrapped by Canaccord.
“If increased regulatory burdens cause new mining projects to be delayed or cancelled, Australia will be unable to satisfy the rising iron ore demand created by net zero targets,” Hancock Prospecting chief executive of group operations Gerhard Veldsman said. Gina Rinehart has warned controversial industrial relations reforms could push mining away from Australia to countries with lower environmental standards.
Australia is struggling under the burden of red tape that is growing at nearly twice the rate of the national economy, leading to urgent calls for parliament to act to cut out-of-date regulations and ban new rules from being imposed without old ones being repealed.
