News

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.

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.

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.

Saturday, 2 December 2023.

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.

25 November, 2023.