Group Executive News

Discover the latest news and updates from Hancock Prospecting Group.

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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Olympic Games Tokyo 2020/21

23 July 2021 – 8 August 2021

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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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Beach Volleyball

Patron Gina Rinehart recognised for her contribution to sport.

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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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2SM Talking Sport

Olympic team financing commentary complementing the positive impact of Mrs Gina Rinehart’s investment.

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Sky News Live | The Outsiders

Rowan Dean Commentary courtesy of Sky News.

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Historic Medal Haul for Australian Rowing Crews

ROWING: Australian rowing is celebrating its single greatest day in Olympic history with four medals including two gold on the water in Tokyo on Wednesday.

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Congratulations to our Most Successful Olympic Swim Team!

The most extraordinary Olympic swim meet of all time ended on the most brilliant of notes as Emma McKeon soared into the stratosphere in Tokyo today, in the process propelling Australia to its best performance ever in the Olympic pool.

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