News

EXCLUSIVE Former AGL Energy boss and power industry veteran Michael Fraser has warned Australia needs a reality check on meeting its net zero targets as the nation moves ever closer to a rolling energy crisis. One of the country’s most experienced power executives, Mr Fraser told The Australian the race to take coal and gas out of the system means the coming decade is likely to be marked by regular blackouts and surging prices, given the massive shortfall in efforts to switch the power grid to renewables. “Nobody’s saying that we’re on schedule or ahead of schedule. We’re behind schedule,” said Mr Fraser, who ran Australia’s biggest power generator for eight years until 2015. Mr Fraser cautioned “a return to the 1970s” when state-backed power networks suffered from chronic blackouts.

Lt Gen Peter Leahy AC (Ret’d) is delighted to announce Mrs Gina Rinehart AO as Honorary Guardian of our veteran community. This official position recognises Mrs Rinehart’s longtime support and tremendous fundraising efforts for the charity. Most recently, she rallied her personal networks to raise a significant amount for the charity at a private luncheon in Queensland. Soldier On celebrates her contribution to safeguard the charity’s impactful national support services for veterans and their families.

At the annual Mergermarket M&A Awards dinner in Sydney on Wednesday 24th October the Mid-Market M&A Deal of the Year was awarded to Hancock Energy for the acquisition of Warrego Energy.Accepting the award Hancock Energy CEO Stuart Johnston commented “On behalf of Hancock under the leadership of our Executive Chairman Mrs Rinehart we’re pleased to accept the award as recognition of a successful transaction. Hancock sees Warrego as a complementary business with a strong strategic fit to the group where Hancock can use its project development expertise to accelerate the development of much needed domestic gas into the WA market”

Proud to support Telethon 2023. Established in 1968, generations of West Australians have grown up with Telethon and through their generosity have had a major impact on some of the life threatening diseases that face our children. Funds raised through Telethon have supported medical research into childhood diseases, provided equipment, critical services and life-changing opportunities for sick, disadvantaged and vulnerable children. Donations ensure that together, we can continue to provide children with the best quality care and support now and in the future.

We would like to thank Hancock Prospecting and Roy Hill for coming on as major sponsors of the 2023 Better Together Ball hosted by RSLWA and Legacy WA.

We are delighted to support Telethon and be part of the community that helps fund the programs, equipment and research that change West Australian families and children’s lives. Alongside Atlas Iron Pty Ltd, their outstanding fundraising efforts contributed significantly to our $1.25 million donation, adding to the massive $1.75 million already donated by Hancock Prospecting. This $3 million, alongside the more than $1.5 million donated by Roy Hill Executive Chairman Mrs Gina Rinehart, took the total donation across Hancock Prospecting to over $4.5 million.

20 – 22 Oct 2023

The annual Telethon Ball lived up to its reputation as Australia’s most exclusive and generous invitation-only black-tie event on Saturday night with millions of dollars raised for sick children by a guest list that ranged from billionaire philanthropists to influential politicians and bosses of the nation’s biggest companies. “We are investing in kids’ futures and research. This means another thousand kids are going to be better off and that’s got to be a good thing.” Australia’s richest person and reigning Western Australian of the Year, Gina Rinehart, was at the ball along with many of the most senior staff from her sprawling empire.

News Corp first reported Rinehart’s decision to step away from funding the governing body — to instead focus on payments given directly to individual athletes — has created a gaping hole the sport has not been able to recover from. It was revealed in August the mining mogul has pumped a staggering $60 million of her estimated $37.1b fortune into various Aussie Olympic teams, including swimming, volleyball and rowing. It is no secret the Australian swimming team has always been her darling. She was poolside at the 2023 World Aquatics Championships in Japan in July as the Aussie team blew the Americans out of the water with 13 gold medals. Aussie star Shayna Jack made a special thankyou to Rinehart on the pool deck after the Aussie 4x100m mixed freestyle relay team won gold. “We couldn’t be prouder and also just to have Gina in the crowd supporting us, that’s amazing,” she said on Channel 9.