News - Hancock Prospecting PTY LTD

GINA WARNS OF SOARING FOOD COSTS, SHORTAGES UNDER NET ZERO POLICY

Australia’s richest person Gina Rinehart has hit out at the costly impact of a “net zero” policy on farmers, warning of high food prices, food shortages and an exodus of farmers if the Federal Government doesn’t change its direction. She urged economic gains from regional areas be returned to communities and net-zero ambitions abandoned for farmers. Mrs Rinehart said the mining industry would be able to afford the transition to net zero but other sectors, including agriculture would face a tougher time meeting requirements.

Mrs Gina Rinehart AO | Bush Summit speech

2023

Gina Rinehart’s $3m Patron’s Medal Achievement Incentive Fund

“Today’s launch of this very special achievement fund is much welcomed by our athletes, their families, coaches and Australia wide. There is no other patron who has been so generous with both their personal support and advocacy for our athletes, and it has been a great joy to work alongside Mrs Rinehart and see our rower’s performance improve and improve. The financial support Gina Rinehart and Hancock Prospecting has announced, incredibly is on top of the recently reported $60m+ investment she has already enabled over the last decade, that supports our fantastic world class athletes.”

Gina Rinehart’s personal tragedy a win for City of Perth Government news

“I had no doubt that through the determination and commitment of our people at Roy a solution could be developed which will have a lasting and significant safety legacy in Perth,” Mrs Rinehart said. “Hancock Prospecting and Roy Hill has a fantastic association with the Lord Mayor and the City of Perth, and this is another significant achievement we can be proud to have worked together to deliver.”

Gina Rinehart’s bold vision for Australia’s future as she warns the country could face food shortages if nothing is done

She sent her strongest message about the expensive bill farmers were facing to meet zero emission CO2 targets. Her Hancock Agriculture business runs 14 farm properties in Western Australia with 12,000 head of Wagyu beef cattle, one of the largest herds in the country. ‘Agriculture usually doesn’t have the financial resources that the mining industry has and this is a big thing we I think we are overlooking,’ she said. ‘It just doesn’t have the resources – unless of course you’ve got, you know, a mining company in your back pocket. ‘You’ve actually got to add up the expense of these net-zero policies on farmers. ‘Just look at acquiring electric vehicles alone,’ she added. ‘Be they for lawn mowers motorbikes utes, four wheel drives, tractors, harvesters, trucks, bulldozers, graders, front end loaders. ‘It’s going to cost a fortune that farmers and pastoralists don’t have without a mining company in the back pocket. They just don’t have this money to be able to invest.’

City of Perth waste trucks get safety upgrade

The collision mitigation system was provided by Perth-based company APS Lighting & Safety, which worked collaboratively with Roy Hill engineers, including William Wright, a graduate Roy Hill employee completing a Master of Engineering thesis on safety culture, to install, test and troubleshoot the system.

Gina Rinehart urges Albanese government to ease burden of net zero emissions on farmers as she calls for drastic red tape cut

The executive chair of Hancock Prospecting and Hancock Agriculture Gina Rinehart used the first Bush Summit in Western Australia to urge state and federal government to massively cut red tape, return regional revenue to the bush and ease the pain of net zero policies on farmers. Ms Rinehart delivered the keynote address at The Australian’s summit in Perth on Monday where she offered a list of key reforms to improve the lives of rural Australians.

Extra eyes on Perth streets

16 August 2023.

Gina Rinehart’s $3m Patron’s medal achievement incentive fund

The Patron’s Medal Achievement Incentive Fund, powered by Hancock Prospecting, initially commits $3m over two years in the lead up to and at the Paris 2024 Olympic and Paralympic Games. It will provide performance-based payments to the country’s best swimmers, rowers, volleyball players and artistic swimmers should they win medals at a World Championship, and Olympic or Paralympic Games and is the only private performance initiative of its scale to benefit Australian Olympic and Paralympic sport medal achievers, outside Government and Australian Olympic Committee funding.

Rowan Dean commentary | Bush Summit

15 August 2023.

Farmers can’t afford net zero, says Rinehart

“It’s going to cost a fortune that farmers and pastoralists don’t have, without a mining company in their back pocket. They just don’t Australia’s richest person, Gina Rinehart, says farmers and the agriculture sector cannot afford the transition to net zero and governments should step in to cover most of the costs. this money to be able to invest.”

Iron ore price falls on worries of steel output cut in China

Iron ore prices fell on Monday as expectations of steel output cuts in China and weakness in the country’s property segment weighed on sentiment. The most-traded January iron ore on China’s Dalian Commodity Exchange dipped 0.4% to 725 yuan ($99.88) per metric ton.“[Citi’s] industry discussions suggest that crude steel control targets will likely be finalized by August 15, and local governments and mills could make their own production control plans thereafter,” the bank said in a note, mirroring earlier concerns from the southwestern Yunnan province.