Executive Chairman Mrs. Rinehart, and on behalf of the Hancock Prospecting Group, thank all of those contributing to this annual occasion, and thank the RSLWA and Legacy WA for all they do for those who served, for whom our country owes so much.
Hancock Prospecting’s CEO Garry Korte has been recognised at the prestigious CEO Magazine Executive of the Year Awards in Sydney this evening. Garry was Highly Commended in the CEO of the Year – $100million turnover category.
MINING billionaire Gina Rinehart’s Hancock Agriculture has acquired three irrigated cropping farms spanning 6,856 hectares on the NSW northwestern slopes in a deal reportedly worth about $150 million. Of the total land, about 4,300 hectares is developed to irrigation, and the properties’ annual production averages between 25,000 and 30,000 cotton bales. A key feature of the aggregation is the sizeable water entitlements, with a combined allocation of 23,000 megalitres and about 7,000 megalitres of groundwater. Hancock Agriculture plans to use the Wee Waa aggregation to produce cotton, and follows its acquisition of the Warra Warra cropping property on Queensland’s Western Downs early this year.
“It’s a nice problem to have,” said CommSec chief economist Craig James. “Demand for our commodities is soaring, and our trade surplus remains significant. Dollars are being injected into the economy at a time when the Reserve Bank is trying to slow growth in activity, income and spending. “At the same time, imports are also growing – highlighting an improvement in supply as well as higher prices. Overall, the trade situation is good news.”
Australia’s big miners including BHP, Rio Tinto, Fortescue and companies controlled by Gina Rinehart paid more than $28.5 billion in tax in 2020-21, accounting for nearly a third of total corporate tax revenue.
Those who engage in identity politics and demand that the world bend to their whims due to their supposed victim status, often end up shooting themselves in the foot … Those who define themselves, not by some past injustice, but by their present potential, are best able to grasp opportunities to build a better future.
In Netball Australia’s case, Gina Rinehart had every right to call an end to her $15 million gift. There are others who will respect her company’s brand, its bankrolling of the nation, job creation, and its extraordinary effort to fund the global dreams of our nation’s best young athletes including Olympic swimmers and rowers.
“I thought the statement from Roy Hill (majority owned by Hancock) was excellent, in the sense that they clearly articulated what they’re doing in the Indigenous welfare space. No one from Western Australia and certainly nobody who knows even a little bit about the company would have been surprised by that. When you dive into these issues, you need to have considered, sober conversations. As stakeholders agitate, companies may wonder whether they should sit out the game. Story by Helen Trinca
Broadcast money and sponsorships are the two great cash cows in this country. Netball fails to justify its price as a television product for years, bouncing around the networks because it struggles to attract ratings, and just dropped the ball with the other. And this won’t make more people want to watch it. Rinehart loomed as a saviour, particularly after the lesson of the grand final sell-off, but the players’ politics saw an end to that financial windfall. It has not cost the team, but their entire sport.
