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Gina Rinehart announced Patron of National Agriculture and Related Industries Day

by 21 November 2017

Hancock Prospecting 21 November 2017

Gina Rinehart has been announced as Patron of the National Agriculture and Related Industries day.

She attended a gala dinner to celebrate this inaugural day at the Australian War Memorial in Canberra.

Accepting the role of Patron for the next 5 years, Mrs Rinehart said ‘I started this day to help promote the importance of agriculture and its related industries, and for better understanding of these industries, so vital to Australia and our future. ”

‘Importantly too,  where would we raise the missing taxes to help pay for hospitals, police, elderly , defence, roads and bridges, parks and more, if it weren’t for the contribution of our agricultural sector?

‘Many people speak about the growth of our agricultural industry; the hard work and expertise of our farmers, our fresh air, closeness to Asia, developing the north, all good things, but I hope this day develops a greater understanding of the critical need for our agricultural industry to be cost competitive internationally, given the important fact that most of the markets for our agriculture are actually overseas, so we must compete globally’

‘To underpin our cost competitiveness and enable Australian agricultures sustainability, we need to lower all forms of government cost burdens, be that red tape, compliance, taxes, or ever increasing license costs, which important point needs to be mentioned also, and actioned’.

The inaugural day is an initiative of Mrs Rinehart’s and is being supported by the Pastoralists and Graziers Association of West Australia, the National Farmers Federation,  the Australian Government, and other organisations and the agricultural industry around Australia.

The National Agriculture and Related Industries Day was today celebrated from Perth to Wagga Wagga, Kingaroy to Alice Springs, and Canberra to Tasmania, with farmers, individuals and organisations holding functions and events.

‘What a fantastic start for an inaugural day! ’ Mrs Rinehart said, clearly very delighted with the inaugural day.

Please see attached Mrs Rinehart’s long version National Agriculture and Related Industries Day gala dinner address.

Media Contact: Adam Giles 0421588118

Speech by Mrs Rinehart – National Agriculture and Related Industries Day Nov 21 2017

by 21 November 2017

Speech by Mrs Gina Rinehart

National Agriculture & Related Industries Day Gala Dinner

Australian War Memorial

21 November 2017, Canberra

(Delivered in short version 19:50)

Good evening distinguished guests and friends, and warmest welcome to all.

It is wonderful to see you here, I know some of my friends have come from far and wide across Australia, thank you very much.

From rural barbecues, to the Archibull award in Sydney and cocktails in cities, from Perth to Wagga Wagga, from Kingaroy to Alice Springs, from Canberra to Tasmania, ag day events and celebrations across all of Australia!

Thank you to the Australian War Memorial for letting us hold our inaugural day cocktails and dinner here.

As many of you would know, people from the country form a very large proportion of the brave men and women who defend our country.

Please join me in expressing our thanks and gratitude.

Tonight, isn’t it great to celebrate the inaugural National Agriculture & Related Industries Day!

Thank you to each and all of our sponsors for helping make tonight possible. Particularly thank you to the Pastoralists and Graziers Association of WA, who have been with me all along, since I first approached the Federal Government for approval to have a National Agriculture and Related Industries Day.

The Northern Territory Cattleman’s Association has also supported me in this approach, which received enthusiastic support from the Prime Minister and the then Deputy Prime Minister and Agricultural Minister, Barnaby Joyce, who I am delighted is with us tonight.

And, more recently, the National Farmers Federation have made a fantastic effort helping with agricultural functions across the nation, taking Agriculture and Related Industries Day to Australians, letting everyone know how important our industry is; economically and culturally to this great nation. Thank you Fiona, Tony and the NFF.

I certainly think as far as inaugural days go this is terrific! Our inaugural dinner has sold out, with many others wanting to be here with us tonight. I know it is often tough on the stations, farms, oceans and in our outback so let’s thoroughly enjoy tonight! And, let’s hope with the NFF’s and other agricultural organisations help, this important national day continues to grow enthusiastically.

Now, the Hon Adam Giles our MC, thank you very much Adam, indeed for all of your months of great help with this day, has already done some acknowledgements. I would like to also pass on my thanks to all of our dignitaries who are here tonight.

However, I would particularly like to single one person out, who you’ll be hearing from later tonight – a champion of our industry and our friend, Barnaby Joyce. I know something of the very long hours you are doing right now and to take time out of your campaigning schedule to come here, to be here for the industry you love and support, and to recognise the dedication that 1.6 million Australians have to agriculture….thank you.

What a great voice for Australian agriculture. The agriculture industry was very fortunate to have had such a dedicated, understanding and enthusiastic Minister, one with years of firsthand experience, a real Aussie country boy, and boy do we hope you return!

Could you please stand, with your tambourines in hand, and join me in very well deserved applause?

National Agriculture and Related Industries Day is the day to pose a question, for all Aussies to please consider: “Where would our country  be without our farmers, pastoralists, fishermen, fruit, vegetables, flowers, timber providers, viticulturists, pearlers, poultry and bee keepers, in short, without our agriculture?”

Let’s think about those 1.6 million employees in our agriculture industry, and the income tax they pay, and the tax from the 130,000 agribusinesses in Australia, not just company taxes, but payroll tax, stamp duty, the GST and licences.

If we didn’t have a sustainable agriculture industry, who would be paying the then missing taxes to support our defence, police, roads, airports, elderly, health, parks, public sporting facilities and more.

These business and employment taxes help to show a very important picture of agriculture, an industry vital to our country and its future.

And, I haven’t even spoken about the importance of reliably feeding Australians with fresh and clean produce.

Today is a national day to celebrate the enormous contribution and importance of our agriculture and related industries. It’s particularly about acknowledging, better understanding and celebrating those who work in the industry, often in the heat and very difficult conditions. People ask why it is not just National Agriculture Day. Well it’s because agriculture doesn’t work in isolation.

Our agricultural industry supplies work to multitudes of people and businesses, those who supply our stations, farms, poultry and bee keepers, fishermen, vineyard , pearlers, with a huge variety of things, drive supplies around, provide maintenance for equipment and other agriculture needs, load our products onto ships, act as agents or market our products, prepare our accounts for taxation, sit in offices filling out the multitude of forms for permits and approvals the governments insist upon, and more.

You do not just need to be a pastoralist, farmer, a fisher, bee or poultry keeper or pearler to be working in the agricultural industry; many others are employed indirectly or given opportunities, thanks to the agricultural industry.

To not consider the related industries and their jobs is akin to, for example, looking at the closure of our former car manufacturing industry and when it closed not considering the implications for those in the related industries.

For example, those who work in parts manufacture, the carpet makers and leather tanners to make the products which go into the upholstery, gloves and protective gear for workers, security personnel, the extra supplies to the factory, right down to paper, pens, cleaning, cafeteria, maintenance, pot plants, reticulation, lighting and more.

This supports the reason why we should refer to agriculture and its related industries. We should not forget the related industries who depend upon the agricultural industry.

The reason I initiated the national day is not to knock those who are not working on the land, but to try to create a better understanding of those who do work on the land, or our oceans, the difficulties they face, and the very real issue of our agriculture industry keeping cost competitive and reliable.

Am I being too concerned?

Think of Tasmania. For decades this was known as the “apple isle” and excellent apples were produced. With government regulation and overseas cost competition, this is no longer so. Each of our agriculture industries needs to be focussed on what can happen, when government burdens get too high, hence, costs get too high, and in turn should speak out continuously against increasing red tape and compliance burdens, payroll tax, escalating stamp tax and licences, and other government burdens, to help protect their very future.

How many of you have heard similar examples like this next one?

A group of people sit in a café in an inner city having a conversation about animal rights and the environment and arguing against using more water for agriculture and development in regions of Australia.

Please don’t get me wrong, I am one of the most dedicated pastoralists for better, more humane animal management practices and are significantly investing in shading for cattle yards and feedlots, shading for calving and water troughs, self-mustering, cleaner water, changing the culture where animal welfare is concerned, and more.

But back to the group of people sitting in the café.

They are arguing against the industries of mining, petroleum, much of agriculture, fishing, even eggs, and against further water allocation.  We hear these sorts of conversations around every city in Australia. Isn’t this an example of why we need more education about where things come from and the contribution the agriculture and its related industries make to Australians?

I note in these conversations we don’t hear suggestions of what they’ll do to work harder and invest their monies to create more revenue to be able to keep funding what the agriculture and our related industries contribute towards our defence, police, elderly, hospitals, parks, public sporting facilities, roads and airports. Nor do I hear suggestions of what should be cut and left with less revenue, or even which government departments should be cut and which government employees should receive less money.

How is this for another example? Please picture this in your mind. A group of city people are sitting on chairs clad in wood, which was grown and milled in Tasmania. The table they are sitting at is made of chipped wood from a pine forest from the Green Triangle in South Australia.

The chips glued together with glue made from animal products in Victoria, and the table covered in cutlery made from iron ore dug out in West Australia, and they drink wines produced around Australia.

As they sit around the table they are wearing clothing made from wool grown on our stations and farms, and or cotton grown in the Kimberley’s or north western New South Wales, grown using access to water licenses. Their feet are covered in leather boots made in South Australia, with the same leather used to make the belt holding up their strides. The leather comes from cattle raised throughout Australia.

They are enjoying some canapés of Huon smoked salmon from Tasmania, and fresh Moreton bay bugs from Queensland, then eating an entrée of prawn cocktail where the prawns were ocean harvested on a large trawler off the Northern Territory, with Aussie grown lemons and lettuce, and a main of Aussie 4-month old succulent spring lamb chops. These chops are of course enjoyed with some Aussie grown peas followed by an Australian made ice cream, produced from cows in Sir Joh’s wonderful state of Queensland. The ice cream is topped off with Aussie strawberries provided by our market gardeners, thanks to water licences, and Aussies best cream from Bannister Downs in west Australia, with milk for their coffees from Bannister too.

They proceed to wash the meals down with a bottle of water, the bottle which is made through the petrochemical process. And of course we all know that ALL plastic comes from the petroleum industry.

The point here is that these products which we consume are in our everyday lives, yet some in our communities campaign against what they and their children actually need. It seems to me that these people have irresponsible disregard for the vast majority of Australians who benefit from our defence, our roads, our airports, our public hospitals, our police, our parks, our public sporting facilities, and much more that our agriculture and related industries, help to provide.

Many people know me from iron ore operations, but today is a day to share some agriculture stories.  Some know a little about my recent expansions in the cattle business, which investment in Australia was made possible by our long-term efforts and high-risk investment in the mining industry.  What many do not know is my family’s long-term involvement in the agriculture industry, particularly the cattle industry.

Since the second half of the 1800’s when the Hancock’s first went to the northwest and established the first stations, town and port there, Hancock has held stations continually and is one of Australia’s longest continual station owners in the cattle industry.

Indeed, our continuous cattle station ownership stretch back some decades earlier than Kidman. This history and the struggles of our family as pioneers and in the outback, which I admire greatly, is something I hold close to my heart. As I am sure many others do too, especially those with similar or long histories in agriculture.

My great grandparents founded several of the first stations in the north, including Ashburton Downs, with its famous cattle brand, Hancock 3 b, chosen by my great grandfather, given he had 3 sons, including my grandfather.

I was brought up on Mulga Downs station, in the north west, owned at that time by my grandfather and father, which was then a sheep station, now cattle, and which we still hold today, and then nearby Hamersley station, a cattle station. I loved my life on those stations, as like many other station kids, boarding school was just a required interlude, one not particularly liked! I’m very grateful for my station upbringing in Australia’s north. And I still believe station life is great for families with children.

Briefly, our company history goes back to November 22, 1952, some 65 years ago tomorrow, with my father’s historic flight of discovery over the Pilbara identifying iron ore deposits, finds which, after the government eventually lifted its iron ore export embargo in 1960 and the state government eventually lifted its embargo more than a year and a half later, became very significant for west Australia, then a mendicant state, a state requiring handouts from other states.

Indeed significant for Australia.  This find influenced my father to found Hancock prospecting, which bears his name today. Years later, in 1992 I took over the chairmanship of Hancock Prospecting, a company then burdened by bad luck and financial pressures, and the few remaining assets were stressed assets. It was a challenging time, with many challenging years followed!

We could not rely on luck, particularly when the only luck I seemed to have was bad luck! However with a small dedicated and loyal team, we worked hard, in fact, very hard, and trickled the available company money into tenements.

Today Hancock Prospecting is a much bigger Australian company.

Our latest mine, the mega Roy Hill iron ore mine, achieved several firsts, and is now producing at or above the rate of 55mtpa (million ton per annum), with 55mtpa being the biggest single iron ore mine in Australia.

These efforts and investments over decades and their returns now place Hancock as one of Australia’s top tax payers. After we pay our tax it enables us to invest even more in Australia.

In recent times, Hancock’s majority joint-venture purchase of S. Kidman and Co in December 2016 marked another historic moment, including for me.

Cattle King Sir Sidney Kidman, who founded S. Kidman and Co in 1899, in his heyday owned 100 stations, where nearly all were held by Kidman, a few held jointly with others.

Such an incredible story in our agricultural history, and outstanding accomplishment from his early beginnings, going off as a young teenager, with little education, just 5 shillings in his pocket, the clothes he was wearing, a thin rug, and an old one eyed horse, Cyclops, to build a pastoral holding across many states, which became the largest private land holding in the world!

He had a willingness to work hard, didn’t suffer from today’s entitlement malaise or anything like the government tape and compliance burdens we have today. If he had, the Kidman Empire would never have been possible. Sadly in the generations that followed, these dwindled to around 10 stations by 2016, sometimes shareholders like the money to spend on themselves, rather than continuing to invest in stations or the family business.

Sir Sydney was a long-term friend and a business partner of James Nicholas, a great entrepreneur, pastoralist, and gentleman, who I’m very proud to be able to call my grandfather. He was Hope Nicholas’ father, Hope Nicholas being my beautiful mother and an exceptionally fine woman.

Grandfather Nicholas, (I also had an uncle , another pastoralist, called James Nicholas, named after his dad), once had an initially small coaching business where he encouraged his friend then Sidney Kidman to help supply horses which he needed for his expanding coach service from Broken Hill to the Terowie tin field and to other exploration finds he knew about. Together they owned stations to raise their horses in the Macdonald ranges, Owen springs and at Mt Birrell.

This coaching service grew as new exploration and mining areas opened up. But Sir Sydney decided that he’d prefer to focus on building his cattle interests, and my grandfather went on to build the coaching business, supplying country and mining communities with mail, passengers and supply services in at times, all states of Australia, except Tasmania.

This coaching business relied on horses and had around 1200 horses working to transport goods and passengers, which is why my grandfather went into stations.

Indeed the government of West Australia decided my grandfather held too much land, having become the largest land owner at that time in west Australia, and made him relinquish some of his stations.

So although I could say much more, I hope I’ve shown that it is with deeply felt appreciation that I can continue our family’s long history in Australia’s agricultural industry.

Now enough about my family history. Today is of course about the whole agricultural industry and all of the 130,000 businesses who risk their own money and livelihoods to contribute so much to Australia. And it’s about the 1.6m Australians who contribute their working lives to this important Industry.

Today is a day to cheer on all those who work in these industries, and to remind those in the government and media of how much more difficult things would be if it weren’t for the contribution of our agriculture industry, and the many related jobs and industries that depend upon the sustainability of Australia’s agriculture industry.

The fact is around 16% of Australia’s private sector workforce are based in Agriculture or their related industries. Every year each Australian pastoralist and farmer provides enough food on average to feed 400 other Australians and, export enough food to feed around 600 people living overseas.

Our industry is Australia’s second largest export earner with $1 out of every $7 export dollars coming from farm and station produce and this helps raise enough taxes to help pay for our roads and bridges, hospitals, police and the list goes on.

As you enjoy your meals tonight please consider where your meal comes from. Prawns supplied and donated by Austral Fisheries, the Barramundi from Humpty Doo Barramundi in the NT, Meat Pies from Kidman Beef in Queensland and South Australia, and the Veggie wall from the Sydney Markets.

Our agriculture industry has invested all over Australia to help to build Australia to the enviable country it is today.

Remember that phrase ‘…off the sheep’s back…’  Yes we are a lucky country. Lucky that we have abundant land and water and sunshine. But we will be unlucky if we don’t use it!

As an industry, we have brought investment, opportunities, infrastructure, some city conveniences and jobs into some of the most remote and in-need places in our country.

We support families right across the country.

Outside of mining, how many other industries have done as much, for as long as our agriculture industry and its related industries have?

The media and others at times without regard to our governments existing record debt, pressure politicians to spend more taxpayer’s money, and politicians in turn often succumb to this and announce greater expenditure, and our record debt gets worse.

Indeed to the terrible point where we need to borrow more money to pay just the interest!

However, the focus seems to have been lost regarding creating the revenue to pay for our debt and increased expenditure.

We seem to have lost the basic understanding, or maybe just simple common sense, to realise that we need to create a good environment for investment and for enabling export industries to be cost competitive internationally. Instead, we take the path of too many expensive government burdens, and changing policies that are negative to industry and create uncertainties.

Is it any wonder that investment in Australia is now at the lowest level it’s been since the Whitlam government? The Whitlam government was known for its anti-business approach, but back then we had less approvals, permits, licences and compliance burdens than now!

For Australia to prosper it needs investment to be encouraged with good policies. This includes especially less government tape and compliance burdens, and, lower government taxes and costs.

Australia needs our agriculture industry and our export industries to continue to thrive, but our government seems to be out of touch. Despite many speeches regarding reducing government red tape, what has actually been done outside of reducing government tape on charities and childcare, to cut government tape burdens on agriculture or other contributing primary industries? There are some people in our government wanting to cut, let us show them our support.

There are around 12 million people who work in Australia. How many do you think work in either the federal, states/territory or local governments? The answer. 1.9 million Australians. More than the whole Agriculture and Related Industries. Nearly 1 in every 6 employees works for some level of Government! And yes, it’s our work and taxes that support this.

There’s no ‘buy Australian’ campaign that will induce our trading partners to purchase our products if it costs more than competing nations, or if our supply is not reliable. There is no helpful place for government intervention in the commodities export market, but our international customers will buy our products if they remain cost competitive, and reliable.

As an export-orientated nation, with a relatively small population, our prosperity and living standards depend on our ability to export competitively and sell our goods overseas.

What many of us know, Fundamental to international competitiveness is low government regulation burdens, low taxation and other government expense, but we need to get governments to understand this and act. Just as President Trump and Prime Minister Modi do, two of the world’s leading economies and democracies.

We need to get our governments to understand, despite its members usually not from a business background, that we cannot tax our way to prosperity, and the government needs to be more financially responsible.  The Government needs to spend less. Instead of being induced to spend more, by self interest groups who often don’t want to contribute themselves economically.

In late November Last year I visited Washington DC, where I had the privilege of listening to and meeting various senior members of Trump’s campaign team.

President Trump won this election because he and his team listened to the people of America. The American people told them, they want America to be great again. Their countrymen told them they wanted, firstly less government tape, secondly less taxation, and for the USA to grow and provide more sustainable jobs. This is the same message I am suggesting to you tonight, but regarding our country.

How exciting last year’s message to Trump and his subsequent election was. He is now delivering for America, and despite the naysayers who didn’t vote for him but have a loud voice, what was a struggling economy is now rebounding.

Trumps work in cutting government tape and company tax is making it better to do business in America, stimulating investment and creating thousands of jobs. I was there when Anthony Pratt announced in New York that he’d invest US10 billion in the USA over several years, and the President of the USA stood up and applauded him!

If only we were hearing similarly from our governments around Australia.

We need to let our government know this would be good for Australians too. Instead of continuing along the path of Greece, that being, increasing irresponsible government expenditure and debt, to the ultimate detriment of the people of Greece. The Greek government even had to lay off many necessary police, nurses and teachers, thanks to the governments irresponsible spending, and payments to the elderly were cut causing much suffering, even riots.

Unfortunately, for Australia, government regulation and red tape is one of our biggest industries…and its growing!

Decades of increasing regulations with little thought as to how this would impact business, add to its costs, and indeed, impact the economy and living standards.

To attempt to illustrate just how bad Australia’s red-tape problem is, the Institute of Public Affairs (IPA), estimates that red tape costs the Australian economy $176 billion annually. Who can really tell that it’s not even higher?

That’s a staggering 11 per cent of GDP.

The IPA also estimates that under the Gillard and Rudd Governments, an astounding 444 bureaucratic government bodies were established in Australia, of which 198 are engaged in imposing regulations on different industries.

In a ranking by the World Economic Forum of the burden of government tape on companies, Australia is ranked 80th out of 140 countries.

Imagine the difference if the time and money spent on bureaucratic tape and compliance had been able to be channelled productively instead.

With over 700,000 Australians unemployed and more underemployed, and the growing elderly proportion of our population, our record debt, the question must be asked – how can we continue to afford this?

Red tape is not something that we can’t change, governments can act to reduce it.

Other countries have done this with great success, such as our neighbour Singapore, and India under the very dedicated leadership of Prime Minister Modi. My goodness if India can do it under wise leadership, when its red tape was notorious, built up over decades of British then USSR influence, then Indian governments too!

Why on earth can’t we in Australia. And why can’t we learn from India and see the benefit tape reduction has already done for India, making India the fastest growing economy of significance in the world, encouraging industries growth and more than doubling its living standards in a short period of time, creating jobs and lifting many out of the misery of poverty.

As an industry, let’s make agriculture and its benefits better understood, and let’s make better understood the need to lessen government burdens, the two t’s, tape and taxation.

Australia has the fourth highest company tax rate (for large businesses) out of the OECD countries, up there with Greece and Portugal, who’s economies are struggling and have not been the models of success.

The Tax Foundation also found that Australia’s 30% corporate tax rate is above the world average of 22.38%, and higher than that of other countries in the Asian region whose average corporate tax rate is 20.86%.

The agriculture industry has done so much for Australia throughout our country’s entire history.

Whether it’s the Kidman pies or, Paspaley’s very beautiful pearls, boots you’re wearing, your cotton shirt or whatever, agriculture is essential, we’re vital to our country and its future, aren’t we?

I am so pleased that we have a day to celebrate agricultures importance and recognise its incredible stories and history, and I wish everyone, a very Happy Agriculture & Related Industries Day! And night!

Thank you again to our sponsors. And to everyone else who has helped to make possible this inaugural national day.

Now please sit back and listen to a song my good friend kindly created for national agriculture and related industries day, then please pick up your tambourines and let’s celebrate together, this essential industry and all who contribute to it!

End

Speech by Mrs Gina Rinehart – Pink Trucks Launch

by 18 November 2017

Friday 17 November 2017, Roy Hill

Friday, a day when all Roy employees can wear pink and contribute a donation towards breast cancer, also saw a pink truck christening ceremony at Roy Hill. This continues Mrs. Rinehart’s and and Roy Hill’s commitment to do more for breast cancer. In the bright Pilbara sun and with much red dust, staff and friends cheered on the Christening of five pink trucks, Paspaley, Noela, Luisa, Joy and, Andra and Imants.

Speech by Mrs Gina Rinehart

Warm, indeed very warm welcome!

It is very special for me to have my very good friend, Nick Paspaley at Roy Hill today for our pink truck naming ceremony. We share quite a few things – we are both from the North, both our families started in Cossack, and the North has given both of us the opportunity with huge effort to create world class businesses.

In naming one of our pink trucks Paspaley, we are not only celebrating the international success of a great northern Australian business, but also one who cares about the frightening and sad problem of breast cancer. Paspaley operations traverse 1,000 miles of West Australian coastline to produce the world’s most perfect and coveted beautiful pearls.

In the same manner in which we enthusiastically celebrate and honour our athletes beating the world, it’s time we nurtured a culture that celebrates home grown businesses that globally outclass everyone in their field. And so today, we are very proud to honour you Nick, and the Paspaley family company as the world’s best pearl producers. Thank you Nick.

Our second pink truck, Noela, is named after a very special lady and friend who wanted so much to be with us today. Having known Noela for decades, knowing what a rare person she is, a truly special friend, it gives me great pleasure that she is happy to have a pink truck named after her. Noela has drafted a few words to be read out.

“Mrs Rinehart, special guests, ladies and gentlemen,

What a privilege this is for me.

I was the Executive Director of the HFBC Foundation Inc , which was established in 1993.

It was a slim and very efficient organisation, being Mrs Rinehart and I, except that the hours Mrs Rinehart had to work on the foundation were usually between 3am-5 am and around midnight! We certainly were busy, with many functions, fantastic New Year’s Eves, Mother’s Day, and many more, with great speakers including from overseas, Mrs Rinehart achieved the then first for Australia national breast cancer day, which we launched, with Anglican Church services around Australia, we toured Australia together repeatedly on a determined mission to help breast cancer, including launching a sister foundation in Queensland.

I remember clearly the indignant comment of one State Director of the Cancer Foundation during discussions with him. He said “Women have free mammograms, what more do you want?” At that time, free mammograms only covered from above 50 years age, on medical advice this age needed to be lowered, so we petitioned and campaigned to lower this age limit.

I was invited to address a Women’s Health Forum at Karratha, funded by the local council.

It was to encourage women to access the mobile mammography clinic, but there was one proviso, that the word breasts was not to be mentioned.

I ignored this requests and had the women shout BREASTS several times before we began.

It is almost inconceivable that such an attitude existed.

When the Foundation sponsored Prof John Forbes to visit all state capitals to conduct best practice seminars with doctors, it helped to bring breast surgery from the dark ages into the modern era.

I am indebted to my brilliant medical team and my husband Mike, who must be the best carer in the world.

Mrs Rinehart continues to beat the drum loudly for breast cancer. She is not only my friend, but a generous and great Australian who deserves your continued support.

Thank you”

Nick, Melissa and Emma, could you come with me please to christen the first two pink trucks?

Christen two trucks.

Luisa is the bright, happy and friendly face you see on the reception desk at our Remote Operations Centre headquarters in Perth. A face of our headquarters.

Luisa was first diagnosed with breast cancer in 1999 at the age of 30 and started the first “Under 40”s support group” providing support to women and their partners. She also helped establish a hospital and treatment booklet for Pilbara women who travel to Perth to receive treatment.

It is often not understood just how deviating breast cancer can be for the families involved. As Luisa said quote “facing my own mortality and having such a new family was the most frightening experience.” Luisa is here today with her family including her two sons, who she said, gave her much inspiration and courage to fight her battle.

Our fourth pink truck, Joy, is named after a wonderful woman of the north, who was my mother Hope’s best friend.

Joy lived in the north of WA at Fitzroy Crossing for many years. Both Joy and my mother worked together in the Royal Flying Doctors Service.

I’m very happy her only daughter and my friend since her babyhood, Virginia has flown from Sydney to join us here today. Thank you Virginia.

The Andra and Imants pink truck is named after two of my friends, Andra and Imants Kins.

Imants and several of my good friends, founded ANDEV with me, and he now co-chairs it with me, a group which promotes the economic development of the north through special economic zones, basically, less of the two “T’s”, taxes and tape.

Later Imants came to work for Roy Hill, an executive position that he liked, but unfortunately breast cancer then also struck his beloved wife, who went thru much chemotherapy, and an operation, with her caring husband by her side throughout.

They changed their lives and today Andra has much better health. Imants and I call her “our champion,” after all her battles. I asked if I could name the truck after both of them, because of their teamwork together facing all Andra’s difficult cancer battles.

We believe that we are the only mining company in the world who has a pink truck fleet, an Aussie first. Can we please have a big round of applause for Nick, Noela, Luisa, Virginia, Imants and Andra, and their wonderful Aussie families?

Donations by staff for breast cancer will be matched by the company dollar for dollar.

We hope other members of the mining and related industries will emulate our fundraising, where we have matched dollar for dollar our staff’s contributions.

It is our hope that through these initiatives we are able to work towards fighting this disease and creating a better world that is cancer free.

Please could u join me in two minutes silence for breast cancer sufferers and their loved ones.

Thank you.

 

Rinehart ramps up contribution to mining at Roy Hill

by 17 November 2017

Australian Mining
16 November 2017

By Ben Creagh

Gina Rinehart’s contribution to mining spans decades.

The recipient of the 2017 Prospect Awards BGC Contracting Contribution to Mining award has become one of the most well-known mining identities in Australia for her relentless commitment to growing the industry over this time.

Rinehart, as the chair of Hancock Prospecting, has led the development of major mines around Australia and has helped ensure these operations provide benefits for the country’s economy and the local communities where they are based.

It is a challenge to single out the most significant contribution Rinehart has made to mining, but the progress made at the Roy Hill iron ore operations in Western Australia headline her most recent achievements.

Roy Hill hit a significant milestone this year by reaching its targeted 55 million tonnes per annum monthly rate, making it the fastest iron ore operation to achieve this.

Rinehart explained that Roy Hill, which has been in production since 2015, would also soon celebrate becoming the single largest iron ore mine in Australia.

But as Rinehart told Australian Mining, the significance of the $10 billion operation extends much further than these production milestones, with more than 50,000 people being involved in its development.

“Such highlights have brought benefits to many related industries that depend on mining and has certainly seen benefits during construction and ramp up for the West Australian economy, and will keep delivering benefits for years to come,” Rinehart said.

“It has been a privilege to work on such a mega project and to see it from inception when Hancock found the ore at Roy after another company dropped the tenements, believing of little value, not having located the deposits Hancock’s exploration has.”

Rinehart said Hancock started “very small, with very little money to spend” when exploring in a remote area to find the deposits that now form the Roy Hill operations.

“We studied and progressed towards development despite all the thousands of government approvals, permits and licences and other significant risks and roadblocks placed in front of us, we brought in at the end of the bankable feasibility study, minor partners who are very proud of where our mega project is today,” Rinehart explained.

“We did this maintaining an above Pilbara and above West Australia industry average safety record and female participation rate, we have launched Australia’s first fleet of pink mining trucks, which we believe is also a world first, together with staff fundraising to assist breast cancer.”

Prior to the emergence of Roy Hill, Hancock’s major achievement in the iron ore industry was Hope Downs, which became a joint venture with Rio Tinto last decade.

Hope Downs, which produced its first ore in 2007, also continues to grow as an operation, with the joint venture now developing the site’s fourth mine – Baby Hope.

Rinehart’s focus on developing operations like Roy Hill and Hope Downs is matched by her passion to maintain the global competitiveness of the Australian mining industry.

A notable goal of Rinehart’s is to help ease the regulatory burden that exists around securing approvals for new mining projects and extensions.

Rinehart said Hancock had to secure more than 4000 approvals, permits and licences before construction of Roy Hill could even start.

“Our mining industry cannot operate sustainably if we are not internationally competitive,” Rinehart said. “One area that has not improved and significantly hampers our international competiveness is government red tape and the costs of this and the compliance burden.

“Time-consuming and expensive government regulation and tape, and uncertainty of policies, uncertainties of extra government caused costs, such as whether a carbon tax in some unknown form or some form of emissions tax will be introduced, increasing taxes, such as in West Australia, make it very difficult for mining projects to be financed and to be able to proceed.”

“It’s important and should be a priority that we speak up for our industry and its need to be internationally competitive.”

Rinehart’s extensive contribution to the industry continues.

Rinehart warns of collapse in investment

by 15 November 2017

The Australian Financial Review
14 November 2017

By Brad Thompson 

Gina Rinehart has warned of a collapse in mining and other investment in Australia unless there are fundamental changes to the country’s three-tiered system of government to reduce the burden of bureaucracy.

Australia’s richest woman called for an end to jurisdictional duplication across federal, state and local governments in delivering a bleak assessment of the country’s direction under the current crop of political leaders and bureaucrats.

Signalling her willingness to take a wider leadership role in public debate and policy-making, Mrs Rinehart she found it “difficult to do nothing” even if it made her unpopular in some circles.

Mrs Rinehart opened up about what motivated her to take a public stand in the countdown to National Agriculture Day and National Mining and Related Industries Day, November 21 and 22.

“I find it difficult to do nothing when I see the country I was brought up in, deeply loved by my family before me, heading for unnecessary problems,” she said.

“(Problems) caused by overspending governments, creating record debt, ever-increasing in size and power, governments with ever-increasing government regulations and (red) tape, which are causing poor investment levels in our country today, and which have serious consequences for the future of Australians and our country.

“I know in certain areas this is unpopular, but I hope it tries to explain why I do what I do, irrespective of popularity, but based on very genuine concern.”

Mrs Rinehart said that while multinationals could turn their backs on Australia, it was something she would never do as chairman of Hancock Prospecting and not an option for most working families.

“It’s not easy to uplift jobs and families and start from scratch in other countries if Australia continues its problematic path,” she said.

“I believe the better route is to try to help get our country back on a better, more responsible path where people can confidently believe that the living standards they enjoy can be maintained or rise, that they’ll be industry and businesses able to provide from profits, revenue to pay for our defence, our police, maintaining or improving our infrastructure, providing for our growing proportion of elderly, our hospitals, parks, kindergartens and more.

“Governments need to scrap jurisdictional duplication across federal, state and territory and local governments in all forms of legislation and regulation. This approach includes removing duplication across departments within the same government. This would substantially reduce the amount of red tape business and the community needs to deal with.”

Hancock Prospecting’s torturous path through more than 4000 pieces of red tape in developing the $10 billion Roy Hill iron ore mine in the Pilbara is well documented.

Roy Hill, 70 per cent owned by Hancock Prospecting, recorded a maiden profit of $331 million in 2016-17 and employed close to 1400 people.

It is typical of projects which earn revenue, create jobs and generate taxes that Mrs Rinehart believes are being stymied by governments.

The 63-year-old hit out at government malaise from the perspective of paying more tax than any other Australian. Hancock Prospecting paid almost $700 million in taxes in 2016-17, up from $191 million the previous year. Net profit was $1.07 billion 2016-17, up from $443 million, and revenue increased by 160 per cent to $4.45 billion.

Heartened by widespread support for National Agriculture Day from peak industry groups, farmers, businesses and politicians, Mrs Rinehart appealed for the same level of support for National Mining Day to regain ground with the general public.

“I believe there is a large and growing disconnect between those who know … that mining and related sectors make a huge contribution to our country, and those who do not,” she said.

She said the mining industry had to step up to celebrate the industry and to explain the consequences of diminished investment.

National Mining and Related Industries Day was launched in 2013 and is held on November 22 each year.

A black tie dinner in Sydney will mark the occasion this year, but it hasn’t gained anything like the broad support of the new National Agriculture Day. Hancock Prospecting is a major backer of both events.

The rash of red tape is spreading like a disease

by 10 November 2017

10 November 2017 Daily Telegraph
by David Leyonhjelm

The crippling effects of red tape on the economy are unfortunately not restricted to the NSW housing sector.

As chairman of the Senate Select Committee on Red Tape, I have so far introduced three interim reports — on the sale, supply and taxation of alcohol; the sale and use of ­tobacco and nicotine products; and environmental regulation, sometimes called “green tape”.

Unless you are a smoker or drinker the first two might not be of interest. However, environmental over-regulation should be of vital concern to us all. The actual and opportunity cost runs into many hundreds of millions of dollars in lost or delayed ­investment. And that means a lot of employment opportunities for our fellow Australians.

The origin of the term “red tape” is generally attributed to the 16th-century administrative system of the Holy Roman Emperor Charles V, which used red tape for priority documents that required immediate action.

Given that red tape has now come to mean pernicious, corrosive and difficult-to-eradicate regulation, it seems highly appropriate that Charles V is today more remembered for his army spreading syphilis across Europe and thence to the rest of the world.

Like its venereal legacy, the red tape legacy of Emperor Charles V continues to be spread through the incautious infatuations of his Australian political successors.

The Institute of Public Affairs calculates that red tape reduces Australia’s economic output by $176 billion each year, equivalent to 11 per cent of GDP. This cost is reflected in businesses that are never started, jobs never created, and the time lost adhering to bureaucratic requirements.

Throughout our inquiry, we heard again and again that environmental red tape has turned many project approval processes into a bureaucratic nightmare. A prime example is the Roy Hill iron ore project in the ­Pilbara that required more than 4000 ­licences and permits for its pre-construction phase, needlessly delaying the project and raising the cost. Likewise, the Carmichael coal mine in central Queensland spent seven years in the approvals process, fighting more than 10 legal challenges and requiring an environmental-impact statement running to 22,000 pages.

We have the means to eradicate some of this green tape scourge from our lives. As we recommended, the federal government could bring forward its review of the Environment Protection and Biodiversity Conservation Act, avoid duplicating state laws and create a one-stop shop — something the Productivity Commission also supports.

It could start focusing on the risks associated with noncompliance with legal rules, rather than the legal rules themselves, a risk-based approach that the Great Barrier Reef Marine Park Authority is already employing with obvious success.

And it could pest-proof section 487 of the EPBC Act that is currently being abused by environmental activists who block projects simply because they can. Since the introduction of the EPBC Act in 2000, the IPA estimates these delays have cost the Australian economy as much as $1.2 billion.

The Red Tape Committee heard countless tales of the adverse effect of native title regulations on project developments, the manipulation of land councils by environmental activists, and the impact of this on the impoverishment of Aboriginal people.

Amending the Aboriginal Land Rights Act to remove the ability of land councils to arbitrarily veto applications for exploration or mining licences would go a long way to assist both Aboriginal development and the economy generally.

To overcome landholder objections to mining that have paralysed the exploitation of minerals and ­energy, the committee suggested the Commonwealth, state and territory governments consider a system of statutory royalties for landowners.

But the Red Tape Committee can only make recommendations. It is time for governments to take the cure for the economy’s own administrative social disease and start beating the clap out of over-regulation. David Leyonhjelm is a Liberal Democrats senator

Roy Hill delivers for Rinehart

by 2 November 2017

2 November 2017
The West Australian

By Stuart McKinnon

Gina Rinehart’s Roy Hill Holdings is celebrating its maiden annual profit, marking the first full year of commercial production from its $US10 billion namesake iron ore project in the Pilbara.

Roy Hill posted a profit of $331 million for the 12 months ending June 30, up from a $34 million loss the previous year.

Bottom line profit was $523 million. It included a $274 million gain on foreign currency hedging, with the company benefiting from a lower Australian dollar over the period. The company recorded sales revenue of $2.3 billion on selling about 33 million tonnes of iron ore for the year. The company had budgeted for 39.5Mt.

Roy Hill’s Australian Securities and Investments Commission filing showed it employed 1394 people and spent $9.3 million on key management remuneration in 2017, down from $12.6 million the previous year.

Roy Hill declined to comment on its financial results yesterday but said it was pleased with its progress as it continued the ramp-up of its project.

The company achieved its targeted run rate capacity of 55mtpa in September.

The milestone put Roy Hill into a 90-day test period after which its lenders and equity partners will declare final completion of the project and higher repayments on Roy Hill’s approximately $7 billion debt pile will kick in. Roy Hill began production in December 2015 and achieved practical completion of the project late last year.

However it was forced to push back the December 2016 target for achieving project design capacity, because of teething problems with its processing plant. Roy Hill’s chief executive Barry Fitzgerald told a mining conference in Melbourne this week that the company would start using driverless trucks at its mine in the second half of next year as it looked to boost efficiencies to exceed its 55mtpa capacity. The company is already pursuing full automation of its drill rigs and the partial automation of its trains as it looks to cut operating costs.

But Mr Fitzgerald said last month the company was already on the lowest-quartile cost curve among its competitors.

Roy Hill is 70 per cent owned by Mrs Rinehart’s Hancock Prospecting with Japan’s Marubeni holding 15 per cent, South Korea’s Posco 12.5 per cent and China Steel Corporation 2.5 per cent.

SENATE COMMITTEE REPORT CONFIRMS RED TAPE STRANGLING THE AUSTRALIAN ECONOMY

by 20 October 2017

19 October 2017 Institute of Public Affairs Media Release

Free market think tank the Institute of Public Affairs has welcomed the recommendations from the Select Committee on Red Tape interim report: Effect of red tape on environmental assessment and approvals.

“The Senate Committee’s report confirms the economic damage caused by environmental red tape in Australia,” said IPA research fellow Daniel Wild.

“The government should implement the Committee’s recommendations, including abolishing the ‘water trigger’ and ‘uranium actions’ as matters of national environmental significance, repealing section 487 of the Environment Protection and Biodiversity Conservation Act 1999, and re-committing to the One Stop Shop initiative.”

“The report shows that the environmental approvals process is too long and onerous. The Roy Hill iron mine required more than 4,000 licenses, approvals, and permits for the pre-construction phase alone. The Adani Carmichael coalmine spent seven years in the approvals process, fought more than 10 legal challenges, and had to prepare a 22,000-page environmental impact statement.”

The report cites IPA research which has estimated that ‘anti-development activism’ has caused delay and disruption to projects, costing the economy more than $1.2 billion over the past 17 years.

“It is encouraging that the Committee is recommending policies that the IPA has long advocated and provided extensive research on, such as abolishing the water trigger and repealing section 487 of the EPBC Act.”

“It is imperative that the government cut red tape to encourage business investment, which is currently lower as a percentage of GDP than during the Whitlam years. Recent IPA research highlighted that declining business investment is one of the greatest economic challenges Australia faces.”

“The report endorses the IPA’s estimate that red tape reduces economic output by $176 billion each year, which is equivalent to 11 per cent of GDP,” said Mr Wild.

For media and comment: Evan Mulholland, Media and Communications Manager, on

0405 140 780, or at emulholland@ipa.org.au

Gina grows cattle empire

by 17 October 2017

10 October 2017
Northern Territory News

The NT’s largest land owner, Gina Rinehart, has added to her vast empire with the purchase of the 171,000 hectare Willeroo pastoral property 100km west of Katherine.

Willeroo takes the number of Territory cattle stations Ms Rinehart has a stake in to six.

The owner of Hancock Pastoral – and Australia’s richest person, worth an estimated $19.4 billion – Mrs Rinehart has spent more than $200 million on stations in Western Australia’s Kimberley Region and in the Northern Territory.

It is not known what Mrs Rinehart paid for Willeroo, but it was previously on the market for $12 million before being sold by the Sultan of Brunei for an undisclosed sum to Indonesian feedlotting company Great Giant Livestock.

Mrs Rinehart has made no secret of her ambitious expansions plans for her growing cattle empire with the Darwin port to have a key role.

Earlier this year she signed a deal that will see 150,000 head of cattle shipped to China from Darwin.

Mrs Rinehart said the purchase of Willeroo was a strategic investment because of its proximity to Aroona Cattle station, which she purchased in March.

Aroona is on 150,000 hectares and holds 15,000 head of Brahman cattle and Willeroo is directly adjacent and runs 20,000 head.

“We secured Willeroo because we believe we can add improvements and value to the station,” Ms Rinehart said.

“We will copy what we have introduced successfully on our other Hancock stations, and are currently rolling out across Kidman properties.

“Willeroo will well complement our existing investments in the north. It is adjacent to Aroona, which we acquired earlier this year, allowing us to operate the two stations as a combined unit.“Also being near to the Phoenix Park export depot it will assist part of the wet season growing program for Riveren and Inverway as well as help to provide better market timing opportunities for some of Hancock Beef’s Kimberley cattle stations.”

Exports grow as Chevron, Roy Hill ramp-up

by 17 October 2017

16 October 2017

Business News

Western Australia’s 10 biggest exporters shipped $96 billion worth of products overseas over the past year, an increase of almost 10 per cent on the previous corresponding period, according to research by Business News.

Four iron ore miners are ranked in the top 10 biggest exporters list, with exports of the steelmaking commodity totalling about $60 billion between them.

They were led by Rio Tinto, with iron ore sales from its operations of $24.1 billion in calendar year 2016, its most recent full-year reporting period.

That figure includes the equity share of Rio’s joint-venture partners, including Hancock Prospecting.

Rio’s export numbers are bolstered to $24.9 billion when including the Dampier Salt and Argyle Diamond operations, calculations by Business News found.

The state’s second biggest exporter was BHP Billiton.

BHP shipped about $22 billion of iron ore in the latest financial year, an increase of nearly $6 billion on the previous period largely driven by improved iron ore prices.

The figure is for the operation as a whole, and includes both BHP’s equity share and the shares of partners such as Japanese company Mitsui & Co.

Sales from the Nickel West arm of the business were up around $200 million to be $1.3 billion for the year, giving BHP total exports of $23.2 billion.

Fortescue Metals Group was in fourth place, with sales of $11.2 billion, around 15 per cent higher than the previous period, while new entrant Roy Hill Holdings was in eighth position with exports of $3 billion.

Roy Hill, which is 70 per cent owned by Gina Rinehart’s Hancock Prospecting, is likely to be hitting an annualised run rate of 55 million tonnes most months by December.

Energy producers are also beginning to stake a claim on the BNiQ Search Engine list, with third placed Woodside Petroleum joined by Chevron Australia following the start-up of the Gorgon project in 2016.

Woodside’s export revenue as the operator of Pluto LNG, North West Shelf Venture and projects under the Australia Oil umbrella was $15.5 billion in calendar 2016, its most recent financial year reporting period.

That was about $3 billion lower than in the previous period, driven largely by lower revenues through the North West Shelf project.

Business News estimates revenue from North West Shelf Venture to have been $9.3 billion, down partly due to reductions in condensate and oil sales, while Pluto sales were roughly stable at $3.4 billion.

Chevron has entered the list in ninth place, with $2.9 billion of revenue from the Gorgon project in the 2017 financial year, according to estimates by consultancy EnergyQuest.

About 6.5mt of LNG was shipped from Gorgon by the US-headquartered company over that 12-month period, EnerqyQuest found.

Data from the state Department of Mines, Industry Regulation and Safety shows a big boost to the state’s LNG exports from the start-up of Gorgon, with a statewide production volume of 28.7mt in the 12 months to June 2017.

The shipments were valued at around $12.7 billion, an increase of about 20 per cent on the previous year, according to that data.

The BNiQ Search Engine number for revenue from the three LNG facilities is higher due to the inclusion of oil, condensate and LPG sales.

With Gorgon’s third and final processing train having begun operation last March, Chevron can be expected to ship close to its capacity of 15.6mtpa in the 2018 financial year, which at current prices would mean revenue of about $7 billion per year.

The recent start of production at the Wheatstone project would provide a further boost for Chevron, with full capacity of about 8.9mtpa.

Both Wheatstone and Gorgon operating at full capacity would mean the two Chevron operations producing exports of at least $10 billion, putting the company into fifth place on the BNiQ Search Engine list, assuming 2017 financial year LNG prices.

Prelude operator Shell will join the list when that project is completed.

The four other businesses rounding out the top 10 will be familiar to readers.

Gold Corporation, the only state-owned entity on the list, exported around $7.9 billion of precious metals in the 2017 financial year, about 9 per cent lower than in the previous period.

Almost all gold mined in WA is processed through the corporation’s refinery.

The two alumina exporters, Alcoa of Australia and Worsley Alumina operator South 32, placed in seventh and 10th respectively, with combined exports of nearly $5 billion.

Grain handling cooperative CBH Group again featured on the list, with forecast exports of $3.1 billion, although that number is not the company’s finalised figure.

The cooperative was the only non-resources player to feature.

Four more iron ore miners hold positions in the group from 10th to 20th, including Citic Pacific Mining.

Business News has calculated a revenue figure of $1.2 billion for the Chinese company’s Sino Iron project using reported tonnage figures and the current market price for iron ore.

That makes the estimate conservative, as magnetite is usually processed to be a higher grade than the hematite exported by other producers.

Iron ore exporter Mineral Resources also features in the top 20, having expanded its ambit to include other commodities such as lithium.

Ramp-up

Speaking at a recent WA Mining Club lunch, Roy Hill chief executive Barry Fitzgerald said the company had hit its capacity 55mtpa run rate in the month of September.

The coming months would bring a reduction from that level, Mr Fitzgerald said, due to planned shutdowns, but he expected the project would be consistently operating at capacity by the end of the year.

Roy Hill had an ambitious ramp up target, he said.

“We set a big, hairy, audacious goal about a very rapid ramp-up,” Mr Fitzgerald told the forum.

“Originally it was going to be 15 months; we didn’t get the plant until February (2016) so we thought we’d leave it at 10 months.

“We didn’t make that.”

The operation ran into issues last November when production plateaued at an annualised run rate of around 35mt.

“The reality was that the orebody had a few more difficulties than we thought; the material was much harder (than anticipated), there were difficulties in blending,” Mr Fitzgerald said.

That led to significant unforeseen wear on equipment.

Mr Fitzgerald said the company changed its approach to mining and materials handling at the site’s three pits.

This contributed to a big improvement in throughput in July 2017, which was nearly 70 per cent higher than in the previous month.

The business has further plans to boost productivity, according to Mr Fitzgerald, including improving train operation efficiency to lift the number of ore moving trips from 5.5 to six per day.

That will be followed by the introduction of cruise control, and potentially, an eventual move to automated trains similar to the system being pursued by Rio Tinto.

Automation is also being introduced in the company’s drilling operations by the second quarter of next year.

Mr Fitzgerald said that could unlock efficiencies by enabling deeper data analysis of orebodies.