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The AFR View | Mavericks on top of the Business People of the Year list

The choice of Gina Rinehart as The Australian Financial Review’s 2023 Business Person of the Year duly recognises a lifetime of independent business success and achievement. Her eclectic dealmaking and investment profile in the past 12 months span a hard-fought battle to win control of WA gas developer Warrego Energy; a kingmaker role in Australia’s new critical minerals boom that blocked the takeovers of lithium miners Azure Minerals and Liontown Resources; buying iconic Aussie bush outfitters Driza-Bone; and her well-progressed plans to become Australia’s biggest truffle farmer to help sate the growing local and overseas appetite for gourmet foods.

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Gina Rinehart looks to life beyond the rivers of cash from iron ore

Wesfarmers boss Rob Scott is an unabashed fan of billionaire mining magnate Gina Rinehart and her achievements in business and contributions to philanthropic and community causes. Rinehart, says Scott, is “the driving force behind one of Australia’s largest and most successful private companies, which has created thousands of jobs and billions of dollars of value to the community”. He adds: “She is ambitious for Australia and our key export industries and is investing to make a difference. “Many people would not appreciate the extent and generosity of Gina’s philanthropic and community support, but it is substantial, and her support of many of our Olympic athletes is remarkable.”

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The Australian Financial Review names its Business Person of the Year

Gina Rinehart has capped an extraordinary year of deal-making across the mining, energy, agribusiness and retail sectors by being named The Australian Financial Review Business Person of the Year at a ceremony in Sydney on Thursday evening. The annual AFR Business Person of the Year list recognises Australia’s top leaders, builders, pioneers and stirrers – and Mrs Rinehart could meet all four criteria. Her Hancock Prospecting empire, which is the biggest private company in the country by some margin, delivered another record year of shipments from its Roy Hill iron ore mine, with robust iron ore prices driving profits to more than $5 billion. The company has a staggering $38 billion in assets on its balance sheet, propelling Mrs Rinehart to the top of The Australian Financial Review’s Rich List for the fourth straight year.

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Mrs Gina Rinehart AO Named AFR’s Business Person of the Year

Hancock Prospecting is celebrating tonight after Executive Chairman, Mrs Gina Rinehart AO, was named the Australian Financial Review’s Business Person of the Year at their event in Sydney. Under Mrs Rinehart’s leadership, Hancock Prospecting has been transformed from a company facing a parlous financial position in 1992, when she became Executive Chairman, to Australia’s most successful private company.

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Rinehart to claim Australia’s truffle farming crown

Mining magnate Gina Rinehart is quietly on her way to becoming Australia’s biggest truffle grower. “We’re always looking for good opportunities to invest and grow,” she told The Australian Financial Review. The truffles are being grown near the award-winning Bannister Downs Dairy at Northcliffe that Mrs Rinehart has owned in partnership with the Daubney family since 2014. Mrs Rinehart shed light on the venture when announcing yet another bonus stream for workers on her iron ore mines, who are already some of the best paid – and best fed – in the resources industry.

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Mrs Gina Rinehart AO, has announced additional support for Foodbank WA through Hancock Prospecting’s ownership interest in Bannister Downs Dairy.

In a timely announcement given the many WA families struggling with food stress, our Executive Chairman, Mrs Gina Rinehart AO, has announced additional support for Foodbank WA through Hancock Prospecting’s ownership interest in Bannister Downs Dairy. A new weekly fresh milk delivery will be provided to Foodbank WA’s Centre for Hunger Relief at Perth Airport and distributed to all branches across the state. It builds on more than 10 years of support Bannister Downs has provided to Foodbank WA through their south-west operations.

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Farmers Wary of IR Bill

A nationwide overhaul of industrial relations laws has passed through the House of Representatives, angering farmers who had urged Federal Labor to take the “catastrophic” legislation back to the drawing board.

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Kidman buys Aussie icon Driza-Bone brand

Mining magnate Gina Rinehart is expanding her investment footprint into country apparel, with the purchase through her S. Kidman & Co pastoral company of bush outfitters Driza-Bone. From sheltering soldiers at Gallipoli during World War One, to being worn by our Olympians for the Sydney Olympics, Driza-Bone has been an emblem of Australian quality and resilience,” she said. “We are honoured to carry forward Driza-Bone’s pioneering legacy while supporting its growth. Our family’s and company’s long association with the outback seems to be a natural fit,” Mrs Rinehart said. Kidman & Co chief executive Adam Giles said the company’s investment had ensured Driza-Bone remains in Australian hands and sees two iconic Australian brands unite.

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Hancock adds to its backgrounding capacity with purchase of Northern NSW property

GINA Rinehart’s Hancock Agriculture has expanded its Wagyu cattle backgrounding capacity, with the purchase of a New South Wales property. The 1918ha Split Rock Dairy, situated north of Manilla in the Tamworth region in New South Wales will compliment other backgrounding properties within the Hancock Agriculture portfolio in the region. The property includes irrigated and dryland cropping with 366ha irrigated through 11 pivots.“ The acquisition complements other agricultural acquisitions in the last twelve months including Moolan Downs and Ottleyas well as other smaller acquisitions around Australia that compliment other aggregations.

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