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Articles on Gina Rinehart, Australia’s Cattle Queen

by 6 March 2017

4 March 2017

Australia’s richest woman Gina Rinehart is controversial, tough and very private. In a rare insight, the nation’s new cattle queen tells SA Weekend how she’s expanding her empire from mines to vast cattle stations as she builds on Sir Sidney Kidman’s legacy.

To read this and other articles on Gina Rinehart’s plans for her new cattle empire, plus her views on government regulation of investment and big business, click here.

Article – Gina Rinehart brings Nine Network to heel over ‘fictionalised’ series

by 6 March 2017

25 February 2017
Stephen Brook
The Australian

The Nine Network’s House of Hancock mini-series will never be seen again after billionaire Gina Rinehart extracted an apology from the broadcaster.

Nine and production company Cordell Jigsaw have agreed that the mini-series, a dramatisation about the life of mining magnate Lang Hancock and his family, including his daughter Gina, will not be sold to streaming channels, foreign markets or released again on DVD.

As well, the program-makers issued an unreserved apology.

The mining magnate took legal action for defamation against Nine and Cordell Jigsaw after the two-part mini-series screened in February 2015. The program, starring Sam Neil as Lang Hancock and Mandy Mc­Elhinney as Mrs Rinehart, ­attracted more than 1.3 million viewers in metro markets.

The program-makers yesterday released a statement admitting that certain scenes in the program “were fictionalised for dramatic purposes”.

“Nine and Cordell Jigsaw accept Mrs Rinehart found the broadcast to be inaccurate. That was certainly not the intention of Nine or Cordell Jigsaw, and each unreservedly apologises to Mrs Rinehart and her family for any hurt or offence caused by the broadcast and its promotion,” the two parties said in a statement.

“Nine and Cordell Jigsaw accept Mrs Rinehart had a very loving and close relationship with her mother, father and husband, and has with Hope and Ginia.

“They also acknowledge the significant contribution that Mrs Rinehart has made to Australia through her years of hard work and dedication and by her investment in this country, to its industry, economy and to the employ­ment of Australians and by her longstanding support of elite sport and numerous worthwhile charities.”

Mrs Rinehart said the case was “never about the money” and called on politicians to instigate legal reform to protect people in the public eye from “unfair media conduct”.

“Mrs Rinehart and others who truly knew the Hancock family and Mrs Rinehart, were dis­appointed such an inaccurate and distorted mini-series against their family (and) family members who greatly contributed to our country was aired by Channel Nine, which did not depict the actual people, and is pleased she has received a public apology.

“This case was not about money. It was about Mrs Rinehart standing up for her deeply loved family members to try to stop the further spreading of unfair and grossly disgraceful falsehoods about her family, especially when certain of her family members are no longer here able to defend themselves,” Mrs Rinehart said in a statement. “This matter was not just about the fundamental right of Mrs Rinehart and her family not to have lies and misrepresentations spread publicly about them — Mrs Rinehart hopes this will lead to the greater protection of others from such unfair conduct by the media and lead our politicians to activate long overdue reform in this area.”

In February 2015, Mrs Rinehart took Nine to court before the second episode screened and forced it to broadcast a line at the start referring to the program as “fictionalised” drama.

Courtesy of The Australian

Article – Kidman head office welcomes first visit from new Chairman Mrs. Rinehart

by 6 March 2017

Today I was very delighted to receive a very warm welcome from the Kidman staff on my staffs and my  first visit to the Kidman Headquarters in Adelaide.

I am delighted on behalf of not only our company group, but also my mother, who was very proud of her father, James Nicholas a long term friend and business partner of Sidney Kidman.

As the new Chairman of S. Kidman and Co, following many Kidman chairs over the 117 years of Kidman,  I received an executive briefing, and tour, and was presented with an iconic Kidman branding iron, which was explained by the Kidman managing director, Greg Campbell, was the historic symbol of the handing over of Kidman. My staff and I then joined in the Annual Kidman Christmas celebrations, where many happy Kidman Christmas wishes were given.

My staff and I look forward to working with the team in Adelaide and the managers on the stations to understand their ideas to build and improve the Kidman business.

I’m especially looking forward, weather permitting, to my first visit to the Kidman stations, in January.

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Media Release from Hancock Prospecting, 22nd December 2016.

Article – Rinehart’s Roy Hill mine digs deep into the data

by 2 March 2017

8 February 2017
George Nott
CIO

Relatively speaking, the neighbourhood around the Roy Hill mine in the Pilbara region of Western Australia is getting crowded.

Walk 90 kilometres in a straight line from Roy Hill, which you’d have to be very brave to attempt given the conditions here, and you’ll reach BHP’s Yandi mine.

Next door, just an hour’s drive through the vast emptiness of the outback, is the Christmas Creek mine, operated by Fortescue Metals Group. Continue for 40 kilometres more and you’ll reach another FMG mine, Cloudbreak.

Despite a fall in the global price of iron ore in recent years (which are beginning to rally again), there are nevertheless dollars in the dirt. In this competitive, red-earthed landscape, the major players are all continuously striving to optimise their operations in every way they can. And it is technology – from dusty robots to drones and, in particular, data analytics – that is helping them to do so.

Ramp up

Majority owned by Gina Rinehart’s Hancock Prospecting company, Roy Hill is the most recent iron ore mine to open in the region, at a cost of $10 billion. Over four years contractors built, from scratch, the mine, a 344 kilometre railway line, a process plant and a two berth port.

More than 25,000 construction workers were involved in building it, sharing 38 million hours of labour.

The first load of processed ore was loaded onto a ship in December 2015. The build complete, the handover took place last February.

Rebbecca Kerr joined the company in 2013, and was one of the first purely operation employees. As general manager technology, her priority now is to help the business quickly “ramp up” to its target 55 million tonnes per annum peak.

And there’s also Gina Rinehart’s missive from the top that Roy Hill’s main goal is to be cost competitive, achieved by “driving efficiencies and leading industry best practice”.

As Kerr explains: “We’re taking it challenge by challenge”.

Drill down

As the mine dials up its output, Kerr and her team are increasingly seeking to identify and solve and pinch points through data analytics. Data is drawn from every point of the operation, from processing plant to port. Bringing it together to make sense of it all is difficult.

Roy Hill recently commissioned Ajilon for a business analytics platform, which runs on Microsoft Azure. Using Microsoft tools, the platform ingests large volumes of data in real-time, enabling the mine’s data scientists and engineers to soon self-serve visualisation tools, develop predictive algorithms, and combine disparate information sources.

To create the platform, the first of its kind in Australia, partner Ajilon had a direct line to the development team at Microsoft’s Redmond research campus.

“You need to be able to explore and understand the data and in particular how the data relates to itself,” explains Andrew Hall, Roy Hill’s manager technology planning and architecture. “We don’t want to be doing analysis that takes days to run. We want to be able to run multiple scenarios in a time effective way.”

Hall says that Roy Hill wanted to go beyond using Azure as a static analysis environment.

“If we want to say change driver attitudes or we want to optimise performance, we need to do it in real time. You need to be providing the feedback at the appropriate times so appropriate action can be taken,” he says.

In some cases that may be at the start of a worker’s shift, and in others that might mean immediate corrective action.

While the team is still “on that journey” and Azure is “not quite there yet” Hall is confident the platform “will continue to push the boundaries of functional capability”.

Test bed

The mine has become something of a test bed for how far technology can be exploited to optimise operations. Analytics proof of concepts, in and out of Azure, are taking shape. IoT sensors run from pit to port. A range of partners, including researchers from Curtin University, are pushing their capabilities to the limit.

Take the mine’s giant pink trucks. Although not self-driving (the technology simply wasn’t ready at the time of putting together the mine’s business case Kerr says), they are being closely monitored and analysed.

“There no perfect way to drive, that’s one of the things to understand. It’s dependent on conditions, it depends on the payload in the truck, any number of different things,” says Kerr.

To get closer to perfect, sensor and GPS data, combined with external data like weather reports are being analysed. Soon, reports – timely enough to be up to date for when each shift begins – will help Roy Hill better educate drivers on how their behaviour can change to reduce say tyre wear or fuel consumption.

Meanwhile, refuelling robots are being placed in the pit to save drivers from lining up at the bow line. Housed in a shipping container, the robot senses an approaching truck, removes the fuel cap and fills it at a rate of 1200 litres a minute – far higher than the maximum allowed when refuelling by a human operator.

A 20 strong team from across the business are taking part in the trial, testing its ability and durability (“it gets pretty dusty up there,” adds Kerr).

The rail network too, will use sensor data and analysis to optimise the running of the network and predictive maintenance. Drones survey stockpiles and run environmental assessments, alerting operators to the wet spots after heavy rains. There are robots in the labs which test the ore. Drills and bulldozers are operated remotely from Roy Hill’s offices in Perth.

Must do

Every efficiency gain counts out here on the Pilbara. The company calls itself “a margin-focused business”. And a successful ramp-up is reliant on avoiding any pitfalls.

“We’re always looking at different technologies, different styles, different arrangements to build our knowledge and capability up,” adds Hall.

“We’re taking full advantage of the newness of the infrastructure and the technology we’ve implemented. Technology along with the capability and attitude of our people strengthens the foundation for our future,” says Kerr. “Innovation is a must do.”

 

Mrs. Gina Rinehart’s Leadership: An Email

by 2 March 2017

The following contact message has been sent:

Subject: Leadership

Message:

Hi Gina,

I’ve just been following the US elections of late and I believe Australia also needs someone great to lead our country. I believe you are the one who could do it. The Australian government, like the US government, has been selling us out for years. Now you, just like Donald Trump, have succeeded in about everything there is to do in this life except leading our nation to greatness. If Trump could do it, you also can! I hope it’s something you would think about.

Thankyou.

Transcript – 2SM, Breakfast, Thursday, 9 February 2017

by 2 March 2017
Transcript  
Station: 2SM Date: 09/02/2017
Program: BREAKFAST Time: 07:09 AM
Compere: GRANT GOLDMAN Summary ID: X00069291604
Item: REGULAR SEGMENT: WHAT HE SAID. GOLDMAN PRAISES GINA RINEHART ON HER BIRTHDAY.
 
Audience: Male 16+ Female 16+ All people
N/A N/A N/A

GRANT GOLDMAN:              It’s time we stop rewarding these saboteurs and encourage the builders and the creators. Today is the birthday of a truly great Australian, who for the whole of her life has striven to increase the standard of living of all Australians by developing Australia’s resources. In contrast to the saboteurs I’ve mentioned and many others like them, Gina Rinehart has a major positive impact on the Australian economy. Through her entrepreneurial excellence, especially in iron ore and beef, she’s daily creating jobs and boosting Australian exports. Her amazing Roy Hill iron ore mine and railway in Western Australia’s Pilbara became operational in the face of immense challenges, and now this great Australian Gina Rinehart is building her Wagyu beef operation with similar dedication.

                 Not only is Gina Rinehart a great entrepreneur, she is a wonderful philanthropist who makes a major contribution to medical care and to breast cancer research, and also is a very significant contributor to Australian sport. Gina Rinehart is quite rightly praised by thinking people for her financial courage, her purposeful decision making, her charitable activities, and her unswerving commitment to the development of Australia’s resources. Contributing to her success, Gina Rinehart’s practice of entrusting the management of her enterprises to splendid, hand-picked people, then leading them by example. In consequence, she continuously earns and indeed receives from her large and growing team an unusually high degree of loyalty. This lady is truly a great Australian. Gine Rinehart, we salute you, and we wish you happy birthday. May your next year be your best ever.

*          *          End          *          *

Transcript produced by Isentia

Article – Funding crash as foreign investors retreat

by 13 February 2017

11 February 2017
Simon Benson
The Australian

Australia faces a potential investment crunch with Treasury analysis revealing that foreign ­direct investment has already crashed almost 50 per cent on 2015 levels.

The downward trend is more concerning because it runs against growing global flows; Australia’s share of the $US1.8 trillion ($2.36 trillion) global foreign direct investment pool tumbled from 3.2 per cent in 2011 to 1.3 per cent last year as other countries became relatively more attractive.

Seeking to intensify the ­urgency of the debate over the government’s corporate tax plan to cut rates to 25 per cent, Scott Morrison told The Weekend Australian the analysis showed that Australia was already on a worrying slide down the world investment rankings, partly because of its high company tax.

A senior government source said that while Australia had weathered the worst of the fall since the end of the mining ­investment boom, the concern was that it was failing to pick up its share of the investment recovery since the end of the global financial crisis. Of equal concern was that conditions could further ­deteriorate, with the US, our largest source of investment, headed for a company tax rate of 15 per cent — half Australia’s — which could cause a flight of capital back to the US.

According to the Treasury analysis, foreign direct investment had begun falling even during the mining construction boom — by an estimated 15 per cent from 2006 to 2015 — but the downward trajectory had since steepened despite global ­direct investment flows increasing 25 per cent since the end of the GFC and 38 per cent year-on-year in 2015.

“Between 2011 and 2015 Australia was the 10th largest destination for investment, but has fallen to 18th in 2015,” the Treasurer said.

Mr Morrison made a direct link between the falling level of foreign direct investment and Australia’s company tax rate, which had failed to keep pace with the lower tax environments being pursued by other OECD countries.

He seized on a speech by ­Reserve Bank governor Phillip Lowe on Thursday in which he implicitly rejected Labor’s claim that the budget could not afford corporate tax cuts. Mr Lowe ­argued Australia needed to ­respond to lowering tax rates among competitor nations.

“The independent RBA has made it clear that Australia must have a competitive business tax rate,” Mr Morrison said.

“We need to be internationally competitive to attract investment, to encourage business to set up or expand their operations in Australia, to hire more and to buy more machines and equipment that boost our economy.

“Fifteen years ago we had the ninth lowest business tax rate among advanced economies. Today just five of the 35 OECD ­nations have a business tax rate higher than Australia’s.

“With the largest source of ­investment coming from the US, our tax rates must remain competitive because our attractiveness as a place to invest may be impacted by a reduction in the US corporate tax rate that might reduce outward investment from the US and divert ­investment away from Australia to the US.”

Mr Morrison said that while indirect foreign investment remained healthy, direct investment, such as foreign companies setting up Australian operations or expanding existing ones, was in a worryingly decline.

“The RBA governor makes it clear that our tax system is becoming uncompetitive and that we risk becoming stranded internationally and constrained in our efforts to increase investment in jobs and wages.

“Governor Lowe has sounded an independent warning that Australia is falling further behind our international competitors in being able to attract the critical investment we need to grow Australian jobs and lift wages.”

In 2015, global foreign direct investment flows jumped 38 per cent to an estimated US$1.8 trillion, their highest level since the GFC, but in Australia the same year the flow fell 44 per cent.

Even during Australia’s mining construction boom the flow of foreign direct investment fell 15.4 per cent from $US26.3 billion in 2006 to $US22.3bn in 2015. Mr Morrison cited the International Monetary Fund’s recent claim that foreign investment increased 4.4 per cent for every percentage point cut in the business tax rate.

It suggested a 10 per cent ­increase in foreign direct investment over the period 2010 to 2020 would increase real GDP by 1.2 per cent.

In his speech to the A50 Australian Economic Forum, his first for the year, Mr Lowe said Australia was built on the free flow of capital. “For more than two centuries now, capital from the rest of the world has helped build our country,’’ he said. “If we had had to rely on just our own resources, we would not be enjoying the prosperity that we do today.”

Labor infrastructure spokesman Anthony Albanese yesterday dismissed Mr Lowe’s assessment that company tax cuts were needed, instead citing the Reserve Bank chief’s calls for more infrastructure investment.

“Given the need to fund education and healthcare, given the need to provide support for the economy, what the government shouldn’t be doing is pursuing the $50bn of cuts, most of which, as a result of the structure of their proposal, will go to the very large corporations,” Mr Albanese said.

“Philip Lowe has repeated the comments that he has made, and that were made by his predecessor Glenn Stevens, that what Australia needs is a significant increase in infrastructure investment. He correctly has identified the fact that borrowing can be made and funds made available at a very cheap rate at the moment because of the record low interest rate environment.”

Treasurer Scott Morrison. Picture: Kym Smith

Courtesy of The Australian

Article – Gina Rinehart visits Kidman stations on Australia Day

by 27 January 2017

26 January 2017
The West Australian

Gina Rinehart is spending Australia Day in outback Australia visiting her newly acquired cattle stations, which were previously part of the Kidman cattle empire.

Mrs Rinehart wrapped up the $365 million acquisition of Kidman in November as part of a joint venture bid by her Hancock Prospecting with Chinese minority partner Shanghai CRED Real Estate.

Collectively the Hancock and Kidman herd will reach 300,000 head, placing the new entity in the top three beef producers in Australia.

Mrs Rinehart visited the company’s head office in Adelaide last month and is spending the week visiting Innamincka station in South Australia’s channel country, Helen Springs in the NT and Rockybank in Queensland and meeting station managers.

Mrs Rinehart said she had been looking forward to meeting the individual Kidman station managers to hear first-hand from them about their ideas on improving the stations… and to discuss the improvements the company was implementing.

“With the expansion of Hancock’s agricultural portfolio, this is an ideal opportunity for both long standing and new managers to come together and learn from each other’s experiences to help improve each of our stations,” she said.

“Today, Australia Day, I also pay tribute to the pastoralists and farmers of Australia and their families and others in the outback, many of whom can’t take today off.”

Gina Rinehart celebrates Australia Day with Kidman cattle station managers.PHOTO: Gina Rinehart celebrates Australia Day with Kidman cattle station managers.

Courtesy of the West Australian

Happy Australia Day from Kidman

by 27 January 2017

The Rinehart Review: Merry Kidman Christmas

by 16 January 2017

Hello from South Australia, the home of Kidman (and award winning wines)! Since my last newsletter, we have had a busy few months. It has been a year of growth and achievement, with the most recent acquisition of S. Kidman & Co through our joint venture with Shanghai CRED topping off an exciting year for our team.

HISTORIC KIDMAN ACQUISITION

This joint-venture will further expand Hancock’s beef interests geographically across Australia, mitigating weather risks, and placing us in the top three beef producers in Australia, with a herd size growing to 300,000 head. This helps to underpin valuable brands and make us more attractive to customers, both here and overseas.

The acquisition also raises the Australian ownership of properties recently held in the Kidman portfolio from 66% to 74.7%.

I would like to sincerely thank my team at Hancock, led by CEO Garry Korte, and the Kidman team for all of their hard-work over the past few months to make this vision a reality.

The Kidman brand and business, established by true Australian pioneer Sir Sidney Kidman, has a unique place in Australia’s history. It was over 105 years ago since Sir Sidney Kidman and James Nicholas, my mothers father, owned stations and ran business interests together. My mother thought very, very highly of her father, and I can’t help but feel that she would be very happy that our company has taken this historic step.

We will build on this historic legacy as we plan to increase productivity, utilise more technology and further invest in infrastructure, and grow the iconic brand. I look forward to working with the Kidman staff and visiting the stations in January.

BEEFING UP THE HANCOCK AGRICULTURAL BUSINESS

Hancock is also a leading Australian Wagyu beef producer having increased our Wagyu beef herd earlier this year with the purchase of 1,500 fullblood Wagyu cattle from globally renowned breeder David Blackmore.

This acquisition ensures that Hancock is able to sustainably produce premium Wagyu beef products for the domestic and export markets.

We also purchased Riveren, Inverway and Phoenix Park cattle stations in the Northern Territory earlier this year.

BANNISTER PREMIUM MILK AND PRODUCTS

Another partnership of ours, Bannister Downs Dairy, is also embarking on a major project to grow the business while remaining focused on its high quality products. The new processing centre began construction this year and is targeted for completion in 2018.

We are delighted and excited with all the awards the Bannister products are achieving for their excellent and delicious quality. Congratulations to Matt and Sue Daubney and their family and staff for their dedicated efforts.

And, we are moving into ice creams too!

PLANNING FOR THE FUTURE

We also marked another first this year with our first major overseas investment in Sirius Minerals, a natural fertiliser business based in the UK whose product will be used to value add to our agricultural land holdings.

Sirius Minerals is developing the world’s largest polyhalite resource which involves the construction of a mine, a 37km underground conveyor system, and port facilities.

FIRST ANNIVERSARY OF ROY HILL’S INAUGURAL SHIPMENT & INDUSTRY BEST PRACTICE

10 December 2016 marked the first anniversary of Roy Hill’s inaugural shipment of iron ore. I visited almost to the day of our second anniversary, when two ships were at Port Hedland, one almost finished its loading process, so sitting low in the water, and another shortly to berth for loading. On this site visit, I was also able to join the staff at the wet bar at Roy Hill, to wish all present a Merry Christmas. Another enjoyable visit to Roy Hill and Port Hedland.

From our mega $10 billion USD project being within budget, a big feat for major projects, with above industry safety standards, and using some of the biggest equipment in the world, now in operation, Roy Hill, thanks to our Roy Hill staff, has achieved a lot over the past year including many awards:

  • Golden Gecko Certificate of Merit for Environmental Excellence
  • Australian Mining Prospect Awards Excellence in Environmental Management Award
  • Engineers Australia (WA) Australian Engineering Excellence – Engineering Distinction Award – Project of the Year
  • Engineers Australia (WA) Australian Engineering Excellence Award – Resource Development
  • Engineers Australia (WA) Australian Engineering Excellence Award – Project Management
  • Project Management Institute Project of the Year
  • Railway Technical Society of Australasia Railway Project Award

An outstanding effort and record, warmest congratulations. Roy Hill also recently opened its cutting-edge ‘ROC-ED’ learning centre for high school students. ‘ROC-ED’ is part of the company’s commitment to education as a foundation for the development of careers for young people.

NATIONAL MINING AND RELATED INDUSTRIES DAY

22 November marks National Mining & Related Industries Day, and this year functions were held in both Mount Isa and Melbourne.

National Mining & Related Industries Day celebrates the enormous importance of our mining and related industries. It is a time to reflect and champion our industry and those who work in it.

Congratulations to Rhonda O’Sullivan from Glencore and Australian Laboratory Services (ALS) who both won the National Mining & Related Industries Day Awards for their efforts in speaking up for our industry, and its importance to Australia’s economy and future living standards.

AUSTRALIA’S BIGGEST TAXPAYER

Hancock also released our 2015-16 annual report which reflects the strong financial performance of the company over the past year. The three Hope Downs mines operated at capacity for the 2015 and 2016 fiscal years, and production and sales at Roy Hill are being ramped up.

Taxes paid in the 2016 fiscal year amounted to more than $390 million, and since 2011 we have paid over $3 billion in taxes. This makes us Australia’s largest private taxpayer.

PHILANTHROPIC HEALTH INITIATIVES

The redevelopment of the new 13 storey east wing at St Vincent’s Private Hospital in Sydney is underway and due to be completed in mid 2017.

Hancock has made a significant contribution towards this redevelopment which is helping to build three new operating theatres, additional consulting suites, a new rehabilitation centre, an ambulatory care centre plus further additional much-needed facilities.

In Queensland, Hancock supported the opening of the private Kingaroy hospital, named after a great Queenslander, Lady Florence Bjelke-Petersen. The Lady Florence BjelkePetersen hospital was officially opened in August this year, providing medical assistance and services to those in the South Burnett Kingaroy community.

During National Breast Cancer month in October, we launched nine more pink trucks at Roy Hill named Nola, Koichi Yajima, Marubeni, POSCO, China Steel, Ginbata, Gillie, Chevonne and Pat, adding to the three christened earlier this year. In December, during my visit to Roy Hill, I saw another six pink trucks waiting to be put into service in the new year, honouring women in the mining work force, and breast cancer victims.

We were delighted to have the CEO of the National Breast Cancer Foundation, Sarah Hosking, at the launch of the pink trucks and present the foundation with a cheque. Roy Hill and Hancock matched all staff donations.

SUPPORTING PEOPLE AT RISK

Hancock and the Georgina Hope Foundation were the major sponsors of various fundraising events this year, including the Path of Hope Ball and the Parkerville Children and Youth Care Annual Fundraising Lunch.

Funds raised from the Ball, their major fundraising event, are used towards helping to break the cycle of domestic violence.

Parkerville Children and Youth Care is a charity that protects and cares for the most at risk children and youth in our community. Parkerville’s largest fundraising event of the year, it’s annual lunch at Crown held in October, was a wonderful success raising much needed funds. As major sponsors, we were delighted to be supporting this cause, a charity I have supported privately over many years.

SUPPORTING YOUNG ATHLETES

I was also delighted to agree to an extension of our partnership with Swimming Australia, Synchronised Swimming Australia, Volleyball Australia and Rowing Australia as principal partner as well as Patron of each.

For over 20 years, we have been sponsors of Australian sports, starting with our swimmers and adding other sports over time. It has been an honour to watch them become valuable role models and achieve both in and out of the sporting arena, including in Rio!

A big congratulations to rising star swimmers Laura Taylor and Jenna Strauch who were recently named as the 2017 Georgina Hope Rinehart Swimming Excellence Scholars. This scholarship will give these up-and-coming athletes the ability to compete at the top level while gaining a top-rate higher education degree from Bond University in Queensland.

Well done also to gold medalist Mack Horton, Paralympian Tanya Huebner and swimming superstar sisters Cate and Bronte Campbell who were the inaugural Patron Awards winners at the Swimming Australia Gala Dinner on 6 November in Brisbane.

From everyone here at Hancock, and me, we wish you a very happy Christmas and New Year!

All best, Gina Rinehart