News
Many happy returns from Roy Hill
Billionaire Gina Rinehart has described her giant $10bn Roy Hill iron ore mine as “the mega project that … we thought might not happen”. The billionaire mining magnate told a celebration of the 10th anniversary of Roy Hill that the mine’s first equity investors had made a “rare entrepreneurial move … with significant risk” that had paved the way for a project that made $13bn in net profits in the last two years alone and already paid off $10bn in debt in full.
Roy Hill celebrates 10-year milestone
Roy Hill and parent company Hancock Prospecting are delighted to celebrate 10 years in partnership with our financing and equity partners POSCO, Marubeni and China Steel Corporation (CSC). These major international companies placed their commitment in the Roy Hill project, record
debt financing was arranged, and spent their equity monies ahead of such debt financing, a rare entrepreneurial move for a mega project, and with significant risk.
At the time of the joint venture agreement, Roy Hill made history as one of the most significant projects for its time, winning many awards.
Billionaires taking a stranglehold on WA’s gas
There has been much public and political focus centred on Australia’s east coast gas market, amid warnings of gas shortages, policy interventions and higher prices.
But it’s over on the west coast where the next gas debate may be brewing. West Australia’s gas producers, buyers and policymakers could be sleepwalking into their own domestic gas turning point. Just as the market is tightening, nearly all new gas discoveries have been bought up by three prominent Western Australian billionaires, who have their own priorities for the gas. It’s a timely reminder that investment in exploration for gas remains important both to enable the phase out of coal and support the supply of minerals needed to deliver the decarbonisation of the global economy and provide geopolitical security in supply chains.
Health concern sees Gina Rinehart cover her face during awards speech after she was crowned Western Australian of the year
Billionaire Gina Rinehart has issued a life-saving reminder to Australians about the need to protect themselves from the sun.Mrs Rinehart, 69, had left hospital just hours before after undergoing a minor surgery recently to remove a melanoma from her face and partially covered her bruised face behind a large white fan. ‘I should probably remind you all, please do the sun cream, do the hats and do the check-ups, please, which I didn’t do,’ she said.Mrs Rinehart accepted her award from the outgoing WA premier Mark McGowan in what was his last engagement as the state’s leader after last week announcing he was stepping down because he was ‘exhausted’.
Gina Rinehart steps up again for rural Australia
AUSTRALIAN mining and agriculture icon Gina Rinehart has again stepped up for rural Australia, this time becoming the patron of rural charity Rural Aid. Mrs Rinehart said Rural Aid was an organisation that ‘stands with our mates in the bush’ during their hard times. “And it does get tough in the bush, with floods, fires and severe drought, in addition to the usual dangers of snakes, spiders and in some northern areas, crocodiles too,” she said. “As patron of Rural Aid, I encourage all Australians to throw their support behind its ongoing efforts in ensuring that our food producers – our farmers- are able to get back on their feet quickly when drought, flood or bushfire hits them.”
MEDIA RELEASE | MCA Congratulates Mrs Gina Rinehart AO
The MCA congratulates Mrs Gina Rinehart AO who was named Western Australian of the Year in Perth last night in recognition of her generous philanthropy and unrivalled corporate success. Mrs Rinehart has made an extraordinary contribution to Western Australia and the rest of the nation via her extensive and very successful business ventures in mining and agriculture, and her significant financial contribution to various causes supporting medical, educational, sporting, health and community organisations. It is a well-deserved honour for Mrs Rinehart who is a passionate advocate of the resources industry and its contribution to Australia.
Gina Rinehart reaches significant milestone
Gina Rinehart has been announced as this year’s Western Australian of the Year. Rinehart was also awarded the 2023 Business Award. As reported by WA Today, Rinehart used her acceptance speech to reflect on what the company has achieved. “It’s actually a very long way from where my family company was 30 years ago and I’m incredibly proud of what we have achieved in this time for our company and what we’ve been able to contribute to West Australia and our country and our future,” Rinehart said. “We must ensure that our country is not left behind by short-sighted decisions and encourage policies that welcome investment in our wonderful state,” Rinehart said.
Aerison Group collapses after failing to resolve contract dispute with Roy Hill
A Roy Hill spokesman said the miner had a “long established and ongoing commitment to local businesses”. “Roy Hill notes with disappointment . . . that administrators have been appointed to Western Australian-based engineering design and construction company Aerison,” the spokesman said. “Roy Hill’s relationship with Aerison includes many years of successful service delivery and project outcomes.”
Rinehart named as 2023 Western Australian of the Year
HANCOCK Prospecting chair Gina Rinehart has been announced as the 2023 Western Australian of the Year. Rinehart was honoured for her contribution to business, as well as her philanthropy, which ranges from support for breast cancer research to sponsorship of Australian Olympians. “We must ensure that our country is not left behind by short-sighted decisions and encourage policies that welcome investment in our wonderful state,” Rinehart said when accepting the award.
Happy West Australia Day!
Very Happy West Australia day, all fellow West Australians.
Gina Rinehart and teams.
