This weekend will see the series’s final instalment, featuring a double night at Elizabeth Quay on 18 and 19 February. Bring the family down and enjoy the food trucks, free hula-hoop workshop, silent disco and more.
The final instalment of the City of Light Show series finishes with a double night at Elizabeth Quay on 18 and 19 February with a drone show at 8pm.
AUSTRALIA is facing a workforce crisis it’s never seen before. Job vacancies are approaching half a million, dragging business and economic growth down and fuelling a cost-of-living crisis. The hardest hit sectors include agriculture, hospitality, mining, tourism, and the caring industries. The Federal Government has raised the yearly permanent migration quota by 35,000 – but workforce shortages are not going to be solved by immigration alone. We need to boost participation and support people with limited income and savings to earn more. We also need to boost tax revenue to pay for health, aged care, and other social services. To fix these economic and socioeconomic challenges we must “let people work”.
Mr. Tad Watroba, Executive Director of Hancock Prospecting presenting “30-year Anniversary book, Celebrating the past, Building for the future” to Mr. Masumi Kakinoki, CEO of Marubeni.
The newest Oldendorff Carriers capesize vessel has today been christened “Gina Oldendorff” after Mrs Gina Rinehart AO, who had the honour this morning of christening the huge ship, in the traditional way, with a bottle of champagne. Oldendorff carried the first shipment of iron ore from Roy Hill in December 2015, and since then has carried more than 46.6 million tonnes of Roy ore over 244 shipments, as well as shipments from Atlas. Today’s special occasion marked the valued and friendly relationships extending over years between the companies. Mrs Rinehart when christening the ship wished the vessel and all its crew many safe journeys, and many happy returns.
Strike Energy has bowed out in the long-fought takeover battle for Warrego Energy, leaving Hancock Energy in position to take over the Perth Basin-based company. Since early January, Hancock and Strike Energy have been battling for control of Perth Basin-based Warrego, believing it would be a valuable source of inexpensive gas. However, it seems that battle could all be coming to an end, with Strike announcing it has abandoned its plans to pursue Warrego.
Gina Rinehart will shower Hancock Prospecting staff with $4.1 million in bonuses. The mining billionaire will celebrate her 69th birthday by giving 41 lucky Hancock Prospecting workers $100,000 each, as part of a $4.1 million raffleThe 41 cash prizes represent each of the 41 years she has worked at Hancock Prospecting, which she now controls in her role as executive chairperson. Giving away small slices of her personal fortune is nothing new for Rinehart. She is known for splashing cash in worker giveaways around Christmas.
Australia’s richest person is set to give away 41 prizes in all, or $4.1 million, with about 4000 workers spread across her private company’s mining, energy and agriculture divisions in the running“The mining industry pays by far the highest wages in Australia, close to double the average in other industries. Why would we risk this vital industry for our nation by reintroducing an unhelpful system that didn’t work the last time we had it?” Mrs Rinehart said in a recent response to questions from The Australian Financial Review.
STRIKE Energy has folded, accepting Hancock Energy’s competing cash offer for its 26% holding of Warrego Energy and jettisoning its own attempted all paper takeover of its West Erregulla gas field partner. The two have been competing for control of Warrego and its 50% share of the onshore Perth Basin field since November.
Australia’s richest person, said to be worth $34 billion, will hand $100,000 each to 41 lucky workers at her company, Hancock Prospecting, to mark her 41 years at the firmMrs Rinehart has been paying out bonuses worth many tens of thousands of dollars a year on top of some of the highest wages in Australia to Roy Hill workers in the countdown to Christmas since 2018. She first flagged sharing profits (something like 5 per cent) from Roy Hill with workers during a speech during the Commonwealth Heads of Government Meeting in Perth in 2011 and long before the mine started shipping iron ore. Similar incentives and profit-sharing schemes apply across the rest of the Hancock business empire but are more discretionary.
Forty-one lucky employees of Hancock Prospecting will be receiving a cash bonus of $100,000 as executive chairman Gina Rinehart prepares another raffle this week.The massive bonus comes as Rinehart marks her 41 years at Hancock, as well as her 69th birthday on Thursday, news.com.au reported.Former Roy Hill CEO Barry Fitzgerald said the scheme is a “tremendous example” of Rinehart’s generosity and appreciation of staff. “The Chairman’s Profit Scheme means that everybody’s joint efforts pay off, with our people genuinely engaged with driving the performance of our operations and business,” he said in a statement. “The scheme creates a unique opportunity for our staff to drive performance at Roy Hill and participate in the profitability of this Great West Australian mining operation and company.”
Australia’s richest person Gina Rinehart will hand out another $4.1million in bonuses to employees of her mining company as she marks 41 years at the firm. Ms Rinehart will give 41 Hancock Prospecting staff members $100,000 each this week, with a raffle to determine the lucky recipients. Rinehart has thanked her workers for ‘another great year’ and said all of Australia benefits when her mine thrives.
