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
Read MoreHANCOCK 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.
Read MoreAustralian 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.
Read MoreMEDIA 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.
Read MoreA Champion of our Veterans
Few figures embody the essence of great Aussie values and respect for our military more than Mrs Gina Rinehart AO.
Read MoreFROM 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.
Read MoreCelebrating 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.
Read MoreTelethon Ball: Generous A-listers come together to raise millions for sick children at annual charity event
The annual Telethon Ball lived up to its reputation as Australia’s most exclusive and generous invitation-only black-tie event on Saturday night with millions of dollars raised for sick children by a guest list that ranged from billionaire philanthropists to influential politicians and bosses of the nation’s biggest companies. “We are investing in kids’ futures and research. This means another thousand kids are going to be better off and that’s got to be a good thing.” Australia’s richest person and reigning Western Australian of the Year, Gina Rinehart, was at the ball along with many of the most senior staff from her sprawling empire.
Read MoreEditorial: WA must fight against ‘Victorian’ IR laws | Don’t let a group of Victorians decide what’s right for you
Gerhard Veldsman, chief executive of Roy Hill, is the latest business leader to sound off on the “same job, same pay” IR laws, telling the Minerals Week conference in Canberra the overhaul would force miners to shift staff to “minimum award standards”. “Don’t let a small group of people out of Victoria that has never set foot on a mine site decide what’s good for you,” Mr Veldsman, pictured, told the crowd, adding the mining sector already paid nation-leading salaries. “We work together to make the industry better and then we make sure that when mining does well our employees share in it. Same job, same pay threatens to take this away and force us back to minimum award standards.”
Read MoreGood luck to our Aussie rowers!
In every corner of this great country, Australians are chasing their dreams. To be the best at what they do, in Australia and on the world stage.
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HanRoy is part of Hancock Prospecting
