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Catch up on the latest news and insights from Atlas.
Australian mining red tape hurts its global investment case-Hancock
Australia’s slow pace of mining approvals is diminishing its attraction as a global investment destination, Hancock Prospecting, owned by Australia’s richest person Gina Rinehart, said on Tuesday. "The current policy environment, duplication of processes, overreach from all departments and delays to approvals is negatively impacting new investment into the mining industry and is reducing Australia’s competitiveness in the international resource sector,” said Hancock.
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Gina Rinehart renews red tape attack over hold-ups to development of Atlas Iron’s McPhee Creek
Australia’s richest person pushed the button on progressing the McPhee Creek project near Nullagine shortly after her Hancock Prospecting scooped up Atlas Iron for $427 million in 2018 amid a three-way takeover tussle. But releasing full-year results for Atlas on Thursday, Mrs Rinehart said “significant increases in government processing times and multi layers of red tape” had further delayed the project, which is expected to produce about 14 million tonnes a year. This is a project that would deliver an additional $2 billion in additional tax and royalty payments to Government, as well as delivering hundreds more high-paying jobs,” Mrs Rinehart said. “The Government needs to do more to reduce red tape and streamline approvals if it wishes to help raise living standards.
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Gina Rinehart’s bold vision for Australia’s future as she warns the country could face food shortages if nothing is done
She sent her strongest message about the expensive bill farmers were facing to meet zero emission CO2 targets. Her Hancock Agriculture business runs 14 farm properties in Western Australia with 12,000 head of Wagyu beef cattle, one of the largest herds in the country. 'Agriculture usually doesn't have the financial resources that the mining industry has and this is a big thing we I think we are overlooking,' she said. 'It just doesn't have the resources - unless of course you've got, you know, a mining company in your back pocket. 'You've actually got to add up the expense of these net-zero policies on farmers. 'Just look at acquiring electric vehicles alone,' she added. 'Be they for lawn mowers motorbikes utes, four wheel drives, tractors, harvesters, trucks, bulldozers, graders, front end loaders. 'It's going to cost a fortune that farmers and pastoralists don't have without a mining company in the back pocket. They just don't have this money to be able to invest.'
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Gina Rinehart urges Albanese government to ease burden of net zero emissions on farmers as she calls for drastic red tape cut
The executive chair of Hancock Prospecting and Hancock Agriculture Gina Rinehart used the first Bush Summit in Western Australia to urge state and federal government to massively cut red tape, return regional revenue to the bush and ease the pain of net zero policies on farmers. Ms Rinehart delivered the keynote address at The Australian’s summit in Perth on Monday where she offered a list of key reforms to improve the lives of rural Australians.
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Iron ore price falls on worries of steel output cut in China
Iron ore prices fell on Monday as expectations of steel output cuts in China and weakness in the country’s property segment weighed on sentiment. The most-traded January iron ore on China’s Dalian Commodity Exchange dipped 0.4% to 725 yuan ($99.88) per metric ton.“[Citi’s] industry discussions suggest that crude steel control targets will likely be finalized by August 15, and local governments and mills could make their own production control plans thereafter,” the bank said in a note, mirroring earlier concerns from the southwestern Yunnan province.
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Farmers can’t afford net zero, says Rinehart
“It’s going to cost a fortune that farmers and pastoralists don’t have, without a mining company in their back pocket. They just don’t Australia’s richest person, Gina Rinehart, says farmers and the agriculture sector cannot afford the transition to net zero and governments should step in to cover most of the costs. this money to be able to invest.”
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Roy Hill sets up chatbot to help lift productivity
West Australian mining company Roy Hill has developed its own internal chatbot to give its employees better insights about the company’s functions and to increase their personal productivity. The program was developed after executive chairman Gina Rinehart put out a challenge 18 months ago for the leaders of WA mining companies to use AI to help increase productivity. “The system is designed to respond to a broad spectrum of inquiries related to production data, company policies and procedures, as well as general HR information,” Roy Hill said in a statement. “Roy Hill’s employees interact with RoyBot using natural language, asking questions through the internal web application.”
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Bush Summit: Wind farms facing revolt from farmers
Governments and wind farm developers could face stiff opposition from farmers amid growing concern that large-scale projects could change the landscape for the worse, former Northern Territory chief minister Adam Giles says. Mr Giles – now the chief executive of Gina Rinehart’s two key farming businesses, Hancock Agriculture and S. Kidman and Co – told The Australian’s Bush Summit in Perth on Monday that the transition to net zero was being felt as a “blunt instrument” in regional Australia.
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Most farmers ‘cannot afford net zero’: Gina Rinehart
Mining billionaire Gina Rinehart has addressed The Australian Bush Summit in Perth, saying that most farmers are unable to afford net zero. “With the consequences, Aussies and the towns will see huge food price increases and fresh food shortages, this is the maths that has to be brought in too,” Ms Rinehart said. “There’s quite a bit of government tape that would make life better if removed.”
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Bush Summit live: Mrs Gina Rinehart AO
Reporting of key elements of Mrs Gina Rinehart AO addressing the 2023 Bush Summit.
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Bush Summit can bring policy energy | Gina Rinehart AO | The Australian
News Corp’s Bush Summit presents a welcome and much-needed opportunity to bring about focus on all the good things, the challenges and the opportunities that encompass regional Australia. With my family’s pioneering and agricultural background in regional and remote Australia going back to the mid-1800s in the Pilbara and back even before that, and more recently in mining, I’ve had the opportunity to share a very special history and many experiences in the Australian outback. It’s time to call for better policies for those who work and live in our bush. No longer do we want pollies to visit and say they love and appreciate us, but then deliver legislation that promises more hardships for us.
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Swimming world champ Kaylee McKeown reveals why she wouldn’t be in the sport if it wasn’t for Gina Rinehart – and opens up on her clash with teammate Cate Campbell
McKeown, 22, won the women's 50m, 100m and 200m backstroke at the recent World Championships in Japan - and acknowledged that without funding from Rinehart, her glittering career in the pool would never have happened. 'She [Rinehart] is my life support, without her funding many of us wouldn't be in the sport,' McKeown told 2GB radio's Ben Fordham on Friday'Swimmers need sponsorship, and Ms Rinehart has supported me since I was 16. Fordham also revealed Rinehart personally funds 75 swimmers and 50 rowers - and over the past decade has provided $60million for Aussie Olympic athletes.
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Hancock integrates project plans
GINA Rinehart’s Hancock Prospecting has been quietly implementing changes this year that will reshape the way it operates. One key development was the acquisition of properties in West Perth so that staff at subsidiaries Roy Hill Holdings and Atlas Iron can be co-located with the parent company. Another key development was the creation of HanRoy, a new entity to coordinate the evaluation of all projects. Led by chief executive group projects Sanjiv Manchanda, HanRoy is currently working on more than half a dozen mining and infrastructure projects. At the same time, Gerhard Veldsman was put in charge of all mining operations, with both men reporting to Hancock chief executive Garry Korte.
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Gina Rinehart donates $16 million to boost healthcare for rural Australians
Royal Flying Doctor Service (South Eastern Section) Chief Executive Officer Greg Sam said the $4 million boost for NSW comes at a “challenging” time in its history as the RFDS had played a critical role delivering essential healthcare and more than 32,000 Covid vaccinations to remote and vulnerable communities during the pandemic“. Since then, the RFDS has continued to deliver high quality care to rural and remote NSW communities, whilst navigating increasingly difficult economic conditions and rising costs,” Mr Sam said.The $4 million donation in Queensland will contribute to the fit-out of a new Beechcraft King Air 360 aircraft and operations at its Brisbane base which is about to be redeveloped. The Rinehart Medical Foundation also provided a critical $6 million donation to the RFDS at the beginning of the Covid-19 pandemic. The contribution follows Mrs Rinehart’s $5 million gift last week to the Sydney Childrens’ Hospitals Foundation.
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Rinehart digs in for charity
Healthcare for Australians living in rural and remote areas will be given a $16m lift thanks to donations to the Royal Flying Doctors from Australia's richest person, Gina Rinehart. The Rinehart Medical Foundation and Hancock Prospecting will provide major cash injections to the NSW, Queensland and Western Australian sectors of the 95-year-old organisation which relies on donations to fund a third of the healthcare it provides. Royal Flying Doctor Service (South Eastern Section) Chief Executive Officer Greg Sam said the $4m boost for NSW comes at a "challenging" time in its history as the RFDS had played a critical role delivering essential healthcare and more than 32,000 Covid vaccinations to remote and vulnerable communities during the pandemic.
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Rinehart in $16m boost to Flying Doctor
Health care for Australians living in rural and remote areas will be given a $16m lift thanks to donations to the Royal Flying Doctor from Australia's richest person, Gina Rinehart. The Rinehart Medical Foundation and Hancock Prospecting will give major cash boosts to the Queensland, NSW and WA sectors of the 95-year-old organisation, which relies on donations to fund a third of the health care it provides. "The multimillion-dollar gift will help ensure that all Queenslanders - no matter where they live, work and play across the state - can feel safe in knowing that they are connected to the best medical care available." The RFDS said that Mrs Rinehart's family association with the organisation went back to the 1950s when her mother, Hope Hancock, used to host fundraisers at her home.
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Royal Flying Doctor Service in $8M partnership with Rinehart Medical and Roy Hill
Iron ore magnate Gina Rinehart has donated $8 million to the Royal Flying Doctor Service to buy a state-of-the-art aircraft that will help save lives in the most isolated corners of the State. The Rinehart Medical Foundation and Roy Hill will contribute $4 million each to buy and fund an aeromedical fit-out of a PC12 NGX plane in what is one of the most significant donations to the RFDS. Last month, Ms Rinehart was crowned Western Australian on the Year not only for her contribution to WA’s mining and agricultural sectors but for her generosity to various medical and health organisations. RFDS Western Operations chief executive Judith Barker said the organisation had a $90 million program to replace 12 planes by 2030. Ms Barker said the RFDS had a long association with Ms Rinehart and her mother, Hope Hancock. “We’re really grateful for the support that we get from her, Roy Hill and the foundation who recognise that the RFDS is there to support them and their endeavours in rural or remote areas,” she said.
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