Sky News: US investment and improved technology key to the success of business in Australia

Hancock Prospecting Executive Chairman Gina Rinehart says she would like to see Australia “welcome US investment” to improve the “sustainability, safety, productivity and competitiveness” of Australian businesses. Ms Rinehart said she initially needed “to borrow more than US seven billion (dollars)” to fund her $10 million dollar iron ore mining operation at Roy Hill. The project went on to become a financial success and broke records as the “largest largely green field debt funding from mainland resource projects anywhere in the world,” she said. According to Ms Rinehart, “the USA is a world leader in technology, automation and robotics which along with cutting red tape and taxes, is critical to improving productivity and competitiveness in Australian businesses”. Efficient train operations and battery technology had helped to reduce power costs for her company, she said. Ms Rinehart is now in the process of contributing towards the development of an interim solution targeting “improved protocols to help patients suffering with COVID-19”.

Popular Posts

Life begins at forty | President Xi tours Shenzhen to celebrate city’s major milestone
Beetaloo Basin a key element of the gas-fired recovery
Diggers & Dealers 2020: Gina Rinehart breaks new ground again as first woman to claim forum’s highest honour
Rinehart’s historic win headlines Diggers and Dealers awards
ANDEV endorses the IPA submission. The current draft legislation if enacted would add time consuming and costly regulation for all parties involved in the mining sector.
Budget invests more than $4 billion into northern Australia
2020-21 Budget backs water reforms, northern Australia and gas to support Australia’s economic recovery and jobs
Integration roadmap for Top End grain
Become The Voice of The North
Become

Voice of the North

Be Heard