Corporate Archives - Page 5 of 8

Bulk Buys: Back from the wilderness, forgotten stock out to build junior iron ore winner

9 November, 2023.

Hancock Prospecting warns Closing Loopholes Bill could see mining move to countries with lower standards

“If increased regulatory burdens cause new mining projects to be delayed or cancelled, Australia will be unable to satisfy the rising iron ore demand created by net zero targets,” Hancock Prospecting chief executive of group operations Gerhard Veldsman said. Gina Rinehart has warned controversial industrial relations reforms could push mining away from Australia to countries with lower environmental standards.

Red tape growing faster than economy

Australia is struggling under the burden of red tape that is growing at nearly twice the rate of the national economy, leading to urgent calls for parliament to act to cut out-of-date regulations and ban new rules from being imposed without old ones being repealed.

IR bill could smash economy

Until recently, debate over the Anthony Albanese’s Closing Loopholes legislation has largely ignored a factor that could smash the economy. Unless this is clarified, resources and energy operations could shut. Thousands of workers could be out of a job. Frankly, it is ludicrous to think the FWC, with only one of its 50 members ever having run a substantial business, could be allowed to make assessments about future work plans that experienced business managers and board directors haven’t yet contemplated.

BHP says proposed labour laws threaten $3.2b Australian investment

The world’s largest mining group, BHP, says the government’s proposed same job, same pay policy could jeopardise $US2 billion ($3.2 billion) worth of investment it has planned for its local copper business. BHP chief executive Mike Henry told shareholders at its annual meeting in Adelaide on Wednesday morning that the bill would also damage the Australian economy. “BHP strongly opposed the Same Job Same Pay Bill not only because of the damage it threatens to do to our business, but also for the hit it will have on Australia’s economy, to Australian jobs and to Australia’s productivity and international competitiveness,” Henry said

HANCOCK TOPS PROFIT LIST WITH IRON HAUL

Gina Rinehart’s Hancock Prospecting mining giant has delivered the biggest profit for a locally owned private company this year, shipping record amounts of iron ore overseas.

MEDIA RELEASE | Wabtec and Roy Hill Unveil the first FLXdrive Battery Locomotive

Wabtec and its launch customer Roy Hill, a leading iron ore miner majority owned by Australia’s most successful private company Hancock Prospecting, have celebrated the debut of the FLXdrive battery locomotive, the world’s first 100% battery-powered, heavy-haul locomotive for mainline service.

A Champion of our Veterans

Few figures embody the essence of great Aussie values and respect for our military more than Mrs Gina Rinehart AO.

FROM SERVICE TO SUCCESS: HANCOCK PROSPECTING’S VETERAN EMPLOYMENT PROGRAM

In addition to its impressive corporate successes in the mining and agricultural industries, Hancock Prospecting group of companies are amongst those leading the way in supporting the men and women who have served and sacrificed for their country.

Celebrating Telethon 2023 | Total Donation

Proud to support Telethon 2023. Established in 1968, generations of West Australians have grown up with Telethon and through their generosity have had a major impact on some of the life threatening diseases that face our children. Funds raised through Telethon have supported medical research into childhood diseases, provided equipment, critical services and life-changing opportunities for sick, disadvantaged and vulnerable children. Donations ensure that together, we can continue to provide children with the best quality care and support now and in the future.

Category: Corporate

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