Laud & Saviour
Western Australia’s top mining bosses have praised the leadership of outgoing Premier Mark McGowan — particularly during the COVID-19 pandemic — describing him as a “strong advocate” for the resources-reliant State. Hancock Prospecting executive chairman Gina Rinehart highlighted Mr McGowan’s management of the virus, which allowed WA’s resources sector to continue operating virtually uninterrupted as a result of the hard border. “Premier McGowan well understood that investment and development is the key to the success of West Australia, and to maintaining living standards,” Mrs Rinehart said in a statement.
Read MoreNMDC, the largest iron ore miner in the country, is pursuing partnerships in Western Australia’s lithium sector
India’s largest iron ore miner is believed to be nearing an agreement with Gina Rinehart in WA lithium as the country seeks to rapidly scale up in battery minerals to support its ambitious electric vehicle plans.
Read MoreThe Significance of PM Modi’s Australia Visit | Explained
New Delhi: After reaching Sydney for his second Australian visit, Prime Minister Narendra Modi told local media he wants closer bilateral defense and security ties as China’s influence in the Indo-Pacific region grows. On its part, Australia also vowed to take ties with India to the "next level". During his meeting with Rinehart, the prime minister highlighted the reforms and initiatives being undertaken in India and invited her to partner in technology, and invest in the mining and minerals sector, a statement by the Ministry of External Affairs in New Delhi said.
Read MoreModi meets prominent Australian business leaders in Sydney; invites investments in India
During his meeting with Rinehart, the prime minister highlighted the reforms and initiatives being undertaken in India and invited her to partner in technology, investment and skilling in the mining and minerals sector, a statement by the Ministry of External Affairs in New Delhi said.Rinehart said that there are huge business opportunities between India and Australia. The Indian economy is growing at a healthy pace and reached about USD 3.5 trillion and there are plans to take it to USD 32 trillion in the next 25 years. “Growth in the future is going to be huge…Australia really needs to work harder to develop its relations with India,” she said, adding India has taken several steps to attract foreign investments by cutting approvals and regulations.
Read MoreRinehart says nation needs to strengthen ties with India
Mrs Rinehart, speaking to media on Tuesday after her meeting with Mr Modi, said the discussions were “exciting” and the trade potential between the two countries was “huge”. “The growth recently has been huge, the growth in the future is going to be huge. Australia really needs to work harder to develop its relations with India,” she said.“You only need to look at the investment that has flowed to India from about 60 different countries.”
Read MorePM Modi’s meeting with Gina Rinehart, Executive Chairman of Hancock Prospecting in Sydney
23 May 2023.
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Read MoreIron ore drives resources growth
WA produces a diverse array of minerals, yet one commodity dominates the sector. The iron ore expansions that kicked off the mid 2000s were the start of a decade-long boom that is reflected in iron ore’s status as by far the biggest export earner in WA. Roy Hill Holdings – majority owned by Gina Rinehart’s Hancock Prospecting – has added substantially to the industry’s capacity, with annual production of over 60mt.
Read More‘We must constantly remind people that we need mining’
This month is a special one for our mining company, as we are celebrating the anniversary of our Hope Downs mines development together with our 50 per cent partner Rio Tinto. In 2005 this was a game changer for our then little Aussie company.
Read MoreWA’s bedrock industry worth $246bn
Department of Mines, Industry Regulation and Safety data released today revealed a new annual sales record for the state of $246 billion, a $15 billion increase on last year’s record. “There was 855 million tonnes of iron ore sold from QA, the highest quantity on record for a single calendar or financial year,” DMIRS reported. “It was supported by record shipments from Hancock Prospecting and Fortescue Metals Group, as well as a recovery in sales from Rio Tinto’s operations particularly later in the year due to operational improvements and the ramp up of Gudai-Darri.”
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HanRoy is part of Hancock Prospecting
