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But as Australia digests the week that was and contemplates how to better it, it’s worth pointing out that 11 of the 17 gold medals and one bronze came in disciplines in which the living costs of athletes were not covered by their sporting organisations or government funding, but were paid for by one benefactor alone: the country’s richest person, Gina Rinehart.

“A few of us have a few little jobs and most of us are studying or have something outside – obviously that’s important – but it has meant that for us to support ourselves with our rent, bills to pay, that’s where Mrs Rinehart comes in, and we definitely wouldn’t be able to do it without her.”

Finalists in 2021 include Atlas Iron, iCutter Industries and Sandvik. Atlas Iron attracted plenty of attention for its record-breaking contract to Indigenous business East-West Pilbara (EWP) for load and haul, and drill and blast services for the new Miralga Creek mine in Western Australia. The Hancock Prospecting subsidiary saw EWP as the best choice for the job as it is directly connected to the Traditional Owners of the land on which Miralga Creek will operate, the Nyamal people.

The Roy Hill iron ore mine has been selected after it delivered a record equivalent annual run rate of 60 million tonnes in the June quarter of 2021. This was despite a range of restrictions that hampered the wider industry, including inclement weather, COVID-19 restrictions and a skills shortage. New programs at Roy Hill included a new autonomous haulage system, a new crusher and overland conveyor system, and the continuation of the award-winning Wet High Intensity Magnetic Separator (WHIMS).

A very big congratulations to all!

A TECHNOLOGY that uses renewable energy-powered electrolysis at low temperature to convert carbon dioxide into reusable carbon and oxygen has been backed by Gina Rinehart’s Hancock Prospecting. Called Carbelec, the technology is being developed by researchers at the University of Melbourne. Those researchers claim the technology could be a game changer for steel makers.

Iron ore miners and the nation’s banks are carrying the federal budget, with corporate tax figures revealing the assault on big technology companies is failing to deliver huge increases in revenue.Total tax from the mining sector increased to $25 billion in 2019-20, making it the most valuable to the federal budget. Most of it came out of iron ore producers such as Rio, BHP and Fortescue as the iron ore price lifted strongly. In 2015-16, miners paid $6.3 billion.

Hancock Prospecting Chief Executive Officer Garry Korte said the potential benefits of Carbelec should be significant and far-reaching, noting that steel makers could continue to benefit from the reliable and consistent supply of Pilbara ores, while also achieving their decarbonisation goals with both current and emerging steel technologies. “Hancock Prospecting’s pioneering spirit is backed by a strong history of successfully partnering in innovative solutions to meet the needs of customers. We believe Carbelec can be an important part of a future low-cost energy mix, allowing industries such as steel, cement and even current day baseload power generators to continue to lift the living standards of people in Australia and worldwide.”

Media Announcement 14 December 2021.

Christmas 2021.

Chris Ellison-led Mineral Resources has struck an agreement with Gina Rinehart’s Hancock Prospecting to jointly pursue the development of a new iron ore export berth at Port Hedland’s South West Creek. The agreement proposes that Hancock subsidiary Roy Hill Holdings, which already operates two berths at South West Creek, would help develop the new berth and provide rail haulage and port services. The agreement will likely make it easier for the state government and the Pilbara Ports Authority to assess multiple competing applications for increased capacity at the famously congested inner harbour at Port Hedland.

Gina Rinehart is winding up a record year for her diversified business empire with a deal to buy nearly half of Australian gas producer Senex Energy in a $900 million partnership with South Korea steel giant Posco. Ms Rinehart’s flagship, Hancock Prospecting, notched a sharply increased record $7.3 billion profit for the year to June 30, underscoring its emergence as one of the country’s most profitable companies. The performance mainly reflected her $4b share of Roy Hill’s dividends.

Speech by Executive Chairman Mrs. Gina Rinehart, Thursday 2 December 2021.

MINERAL Resources has locked in port and rail agreement with Hancock Prospecting, ensuring it can export iron ore from its assets in Western Australia’s Pilbara that were once considered stranded. MinRes and Hancock announced the agreement on November 29, which will involve the development of an iron ore export hub at the Port Hedland Standley Point Berth 3, in South West Creek. “Our long-stated strategy is to transform from short-life, high-cost mines to lower-cost, longer-life operations underpinned by innovative infrastructure solutions.”