Women play an essential role at all levels of the Hancock Group. Executive Chairman, Mrs Gina Rinehart, is an industry leader, providing a role model and inspiration for other women. We are proud to be an organisation committed to developing opportunities for women across our operations.
The issues that most concern me in thinking about Australia’s need for reform are not the external developments that seem to get most attention, like the prospect of global recession or resurgent protectionism, or even the “climate emergency”, as it is now called. The biggest challenges are ones we’ve created for ourselves. I don’t just mean the inflationary fallout from Covid, which the Treasurer has recently called the “defining challenge of our time”, but policies that have damaged our economy’s ability to cope with change, to be competitive and support economic growth. These and other findings went over pretty well with both sides of politics at the time, as I recall. So the policy outlook seemed hopeful. How on Earth then did we end up with the costly hotchpotch of measures we’ve got today? How did we get to a situation in which electricity will not only become a luxury but an unreliable one?
Gina Rinehart may have made her fortune in mining, but she has also put her stamp on Australian agriculture. That was clear when she stepped forward to buy the famous S Kidman and Co holdings in 2016, making her Australia’s biggest landowner, controlling more than 10 million hectares. Ms Rinehart has since been one of the most active purchasers of Australia farmland, but in the past few years has diluted her property holdings. However, she still owns a commanding six million hectares, running about 240,000 cattle, with an eye on new purchases along the east coast. Ms Rinehart, who is not reluctant in making her views known, is a strong advocate for Australian agriculture.
Australia’s richest person has provided a rare insight into her initial struggles, motivations and ambitions after celebrating 30 years at the helm of what is now the country’s biggest private company.
Little help for disaster victims as aid trickles in. 8 January 2023.
Privately owned agribusinesses thrived on good seasons, heady markets and strong demand during 2022 with the farm services sector a standout performer among Australia’s top 500 private companies. CBH came in behind Anthony Pratt’s Visy company ($9.3b) and Australia’s top performing private business, Gina Rinehart’s Hancock Prospecting, which has now held the top spot for three years. The Perth-based Hancock company includes Mrs Rinehart’s Hancock Agriculture pastoral and feedlot beef enterprise, which has been in the news of late as she prepares to sell 2.4m hectares of S. Kidman and Company pastoral country in northern Australia bought in 2016.
WA’s powerhouse red meat processing sector injected $21 billion into Australia’s economy and $1.3b into the State last calendar year, a new report has revealed. The independent report commissioned by the Australian Meat Processor Corporation estimated the industry supported 8400 fulltime equivalent jobs in WA, totalling $470 million of household income annually.
Costs and labour shortages burden WA companies Business confidence in WA has slumped to its lowest level since the onset of the pandemic nearly three years ago as companies battle cost pressures and skills shortages. On average, each business is trying to fill six vacancies — with professional services, resources and retail most affected. Four in five report struggling to find particular skill sets.
The so-called jobs crisis has been caused by the splurging of hundreds of billions of dollars of borrowed money at both State and Federal levels on projects that could have waited. It’s the end of 2022 and time to take stock of where we are now. Something has gone badly wrong. There will always be droughts, floods and fires and it is unreasonable to think otherwise. What must be at the centre of all government thinking is the necessity to be world competitive. Do not allow these costs, bureaucracy, red tape and lack of meaningful discussion to undermine and threaten the greatest and most resilient manufacturing system remaining in Australia today.
Gina Rinehart’s Hancock Prospecting says billions of dollars in future royalty and tax revenue for the WA economy would be in jeopardy if multi-employer bargaining codes are forced onto the mining sector. Hancock Prospecting chief executive Garry Korte said a six-week period of strike action at Port Hedland would cost $9 billion in lost iron ore export revenue and an estimated $551m in lost mining royalties to the WA Government. “If the Bill were to pass in its current form it would open the door to a confrontational industrial relations system that could cripple our industry and result in poorer wage outcomes for our workers,” he said.
