Group Executive News
Discover the latest news and updates from Hancock Prospecting Group.
Vale and Asian miner seek Brazil nod to fast-track mine project
Mining giant Vale SA and an Asian-owned metals producer are among the first to tap a Brazilian program that aims to cut red tape and speed up mining projects in the South American nation.
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Statement by West Australian Assembly Member for Roe Mr P.J. Rundle
As Shadow Minister for Sport and Recreation, I would like to acknowledge the excellent performance of the Australian Olympic team at the Tokyo Olympics. Athletes not only exceeded all expectations but also gave the Australian sport-loving public a great morale boost during these difficult times. As the Olympics come to a close and on the cusp of the Paralympics, I would like to thank Gina Rinehart and the Hancock Prospecting Group for their ongoing support of our Olympic team and of sport in general.
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Grants and gold medal bonuses: Here’s how Australian Olympic athletes earned their way to Tokyo
Some of Australia’s most accomplished swimmers also have the benefit of private sponsorship. Gina Rinehart, Australia’s richest person and the executive chairman of Hancock Prospecting, is behind a quarterly grant of up to $8,000 for Olympic hopefuls. The financial support “allows them to focus on their training and performance and not be distracted by financial pressures that most athletes face,” Swimming Australia states. The same program also provides an incentive pool of $170,000 for medalists and top-eight finishers. Australia’s top rowers have also benefited from Rinehart’s sponsorship. The Australian reports the mining magnate has underwritten a $525-a-week wage for the nation’s top 50 rowers in both the men’s and women’s competitions. That support has been “profound” and “game changing,”
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MAKE BRISBANE SHINE
But Ms Rinehart warned that in the lead-up to Brisbane hosting the world’s biggest sporting event in 2032, governments needed to cut red tape to ensure teams and facilities were ready in time. “I hope our governments now take the bit between their teeth and realise 10 years time is a relatively short time to prepare Queensland for the Olympics, and grasp this opportunity to ensure Queensland shines,” she said. “To do this we must cut government tape to welcome significant investment and businesses, improve airports, improve marinas, build exciting new tourist facilities and accommodation, to really show Queensland and Australia as a must-repeat visit destination.”
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An Olympics like none before
Now that Brisbane has secured the 2032 Olympics, the federal government will be under pressure to ramp up funding for sport to try to overhaul the 58-medal haul at Sydney in 2000. There will be commercial benefits for some of our gold medallists. Yet, as we reported on Saturday, 11 of Australia’s gold medallists received financial support from the nation’s richest person, iron ore magnate Gina Rinehart. A prosperous economy and a strong civil society are critical to Australia’s success across all walks of life.
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Golden dreams and minor medals with meaning
Little old Australia. Punching above its weight. Population, a mere 25 million. Cut off from the world by Covid-19. Fighting just to get to the Olympics. Winning a record-equalling 17 gold medals. Little old Australia. What an eclectic group of winners. The swimmers. A BMX bandit. Canoeists. Sailors. Rowers.
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How a perfect storm of Covid, Gina’s billions and a delayed Games propelled Australia to our equal best games result EVER
And Australia's Golden Girl of the Tokyo Olympics is… Gina Rinehart. Yeah, yeah, I know. Ariarne Titmus, Emma McKeon and Kaylee McKeown did pretty well too, but they couldn't have done it without Gina's help. Australia's richest woman, with $30 billion in the kick, was one of the major reasons these Games have been the best for Australia since, well, ever
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A letter from Vince Raleigh
Your generous involvement in swimming and other sports has been more important than many will ever understand. From someone who has been involved in this sport over a long period of time your backing has been transformational and the credit you receive cannot be understated!
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Gina Rinehart goes for gold: Australia’s $10m Olympic secret weapon
Olympic legend Dawn Fraser wishes billionaire Gina Rinehart was around when she was at the peak of her swimming career. Fraser, who famously won gold at three Olympics, considers “Mrs Rinehart” to be one of the secret weapons behind Australia’s success at the Tokyo Games, where the country’s athletes have won the most gold medals in history. The mining magnate is one of Australia’s biggest Olympic fans and contributes up to $10m annually to four Olympic sports: swimming, rowing, volleyball and artistic swimming.
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How Gina Rinehart ‘saved swimming’
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.
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Rinehart shows we can mine gold
Rinehart makes an annual $1.4m investment in Australia’s top 50 rowers, directly funding a weekly wage of $525 each to the best 25 men and top 25 women, allowing them to train full-time at the sports training bases. She joined the rowing ranks after the Rio Olympics and the funding has allowed the rowers to train together rather than be trained by different coaches in their home states. Rinehart has immersed herself in the Games.
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Fossil fuels fuel gold, silver & bronze
Following the disappointing results in London, mining magnate Gina Rinehart of Hancock Prospecting quietly stepped in with a huge financial contribution to sponsor four different Olympic disciplines; swimming, rowing, volleyball and artistic swimming. That was clearly a turning point. Now, this long-term commitment, involving establishing training centres and paying salaries, has borne fruit.
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Finalists are announced for the 2021 Women in Industry Awards
Gina Rinehart, Executive Chairman, Hancock Prospecting finalist for 2021 Industry Advocacy Award.
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