The AFR View | Mavericks on top of the Business People of the Year list

The choice of Gina Rinehart as The Australian Financial Review’s 2023 Business Person of the Year duly recognises a lifetime of independent business success and achievement. Her eclectic dealmaking and investment profile in the past 12 months span a hard-fought battle to win control of WA gas developer Warrego Energy; a kingmaker role in Australia’s new critical minerals boom that blocked the takeovers of lithium miners Azure Minerals and Liontown Resources; buying iconic Aussie bush outfitters Driza-Bone; and her well-progressed plans to become Australia’s biggest truffle farmer to help sate the growing local and overseas appetite for gourmet foods.

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Gina Rinehart looks to life beyond the rivers of cash from iron ore

Wesfarmers boss Rob Scott is an unabashed fan of billionaire mining magnate Gina Rinehart and her achievements in business and contributions to philanthropic and community causes. Rinehart, says Scott, is “the driving force behind one of Australia’s largest and most successful private companies, which has created thousands of jobs and billions of dollars of value to the community”. He adds: “She is ambitious for Australia and our key export industries and is investing to make a difference. “Many people would not appreciate the extent and generosity of Gina’s philanthropic and community support, but it is substantial, and her support of many of our Olympic athletes is remarkable.”

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The Australian Financial Review names its Business Person of the Year

Gina Rinehart has capped an extraordinary year of deal-making across the mining, energy, agribusiness and retail sectors by being named The Australian Financial Review Business Person of the Year at a ceremony in Sydney on Thursday evening. The annual AFR Business Person of the Year list recognises Australia’s top leaders, builders, pioneers and stirrers – and Mrs Rinehart could meet all four criteria. Her Hancock Prospecting empire, which is the biggest private company in the country by some margin, delivered another record year of shipments from its Roy Hill iron ore mine, with robust iron ore prices driving profits to more than $5 billion. The company has a staggering $38 billion in assets on its balance sheet, propelling Mrs Rinehart to the top of The Australian Financial Review’s Rich List for the fourth straight year.

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Mrs Gina Rinehart AO Named AFR’s Business Person of the Year

Hancock Prospecting is celebrating tonight after Executive Chairman, Mrs Gina Rinehart AO, was named the Australian Financial Review’s Business Person of the Year at their event in Sydney. Under Mrs Rinehart’s leadership, Hancock Prospecting has been transformed from a company facing a parlous financial position in 1992, when she became Executive Chairman, to Australia’s most successful private company.

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Farmers Wary of IR Bill

A nationwide overhaul of industrial relations laws has passed through the House of Representatives, angering farmers who had urged Federal Labor to take the “catastrophic” legislation back to the drawing board.

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PRESS RELEASE | RAAFA and RSLWA launch WA’s first dedicated housing program for veterans

3 December 2023

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Airbus Albo | Pauline Hanson’s Please Explain

25 November 2023

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Projects regulated to death

As the minister overseeing the process, he has been unable to effect any real change in seven years, so there’s little confidence that change will happen quickly. According to the CCIWA, there are about $381 billion of investment projects in the pipeline that are yet to receive environmental approval that could create an estimated 106,000 jobs. Of those the CCIWA surveyed, 40 per cent were at risk of abandoning their project due to longer-than expected approval times. As outlined in the WA CCI’s Green Web report, businesses have described working with the State Environmental Protection Authority as “laborious and frustrating” with “ever-changing guidelines and shifting goal posts”. Currently, the normal expectation for a mine to come online is eight to 10 years, double traditional expectations of four to five years.

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Labour’s I.R deal splits mining sector

24 November 2023.

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Miners dig in on ‘divisive’ IR deal

Labor’s industrial relations deal with resource sector employers has split the mining industry, with Gina Rinehart’s Hancock Prospecting opposing the agreement and the Minerals Council of Australia accusing a rival employer body of being a “soft target”. As the Senate crossbench renewed its bid to split the bill this year, employer groups representing big and small business criticised the Australian Resources and Energy Employer Association over the deal to exclude ¬service contractors from the industrial relations bill. Hancock Prospecting’s Roy Hill mining operation, which is a member of both AREEA and the Minerals Council of Australia, wrote to AREEA chief executive Steve Knott on Wednesday to express concern about the deal.

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