News

Wabtec and its launch customer,
a leading iron ore miner majority owned by Australia’s most successful private company, Hancock Prospecting, celebrated the debut of the FLXdrive battery locomotive, the world’s first 100% battery-powered, heavy-haul locomotive for mainline service. The ceremony unveiled the unique, striking pink-colored locomotive at Wabtec’s design and development center in Pennsylvania in front of employees, customer executives, and government and community officials.

Wabtec and its launch customer Roy Hill, a leading iron ore miner majority owned by Australia’s most successful private company Hancock Prospecting, have celebrated the debut of the FLXdrive battery locomotive, the world’s first 100% battery-powered, heavy-haul locomotive for mainline service.

Few figures embody the essence of great Aussie values and respect for our military more than Mrs Gina Rinehart AO.

“We have many stories of families in our businesses who have, like so many others throughout West Australia, been a beneficiary of Telethon programs.” Hancock Prospecting chief executive Garry Korte said: “To the brave kids and parents who show such strength in the face of adversity, Hancock Prospecting, HanRoy, Hancock Agriculture, S Kidman & Co, Roy Hill and Atlas Iron are proud to again play a role in supporting you. “To our great mining State that does the heavy lifting for the entire country economically, we are so proud of what our industry does to support important causes. As our executive chairman, Gina Rinehart says, ‘when mining does well, Australia does well’.

Billionaire Gina Rinehart’s massive Roy Hill operation has reaped another multibillion dollar profit on the back of record shipments, which helped to offset weaker iron prices. But Australia’s richest person has again sounded the alarm on government red tape.”We are currently battling onerous, time and money consuming regulation with overlapping approval processes and other damaging policies.” – Gina Rinehart.

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”