News

MANUFACTURING V RED TAPE

The so-called jobs crisis has been caused by the splurging of hundreds of billions of dollars of borrowed money at both State and Federal levels on projects that could have waited. It’s the end of 2022 and time to take stock of where we are now. Something has gone badly wrong. There will always be droughts, floods and fires and it is unreasonable to think otherwise. What must be at the centre of all government thinking is the necessity to be world competitive. Do not allow these costs, bureaucracy, red tape and lack of meaningful discussion to undermine and threaten the greatest and most resilient manufacturing system remaining in Australia today.

Beef supply chains Mort&Co and Hancock Ag win national export awards

THE beef industry has cleaned up at the 60th annual Australian Export Awards, with Hancock Agriculture and Mort & Co winning separate sections. Hancock’s 2GR Wagyu brand took out the agribusiness, food and beverage category and Mort & Co won the regional exporter category. Consolidated Pastoral Co was a finalist in the agriculture category and Darwin-based live exporter Australian Cattle Enterprises emerging exporter finalist. Hancock Agriculture CEO Adam Giles said the company had grown exports in the UK, Europe and the west coast of the US, with further markets expected to develop with the organic growth in its herd and production capabilities. “The 2021–22 year was spectacular for 2GR,” Mr Giles said.

Gina Rinehart unveils details of buying spree for east coast pastoral and cropping land

Cashed-up Gina Rinehart has unveiled more of her future livestock plans with the sale of more large cattle stations in the north. Australia’s richest woman says the profits from the sale of her stations will be “redeployed” to buy “high quality east coast pastoral and cropping properties”.

Hancock warns of IR troubles

Gina Rinehart’s Hancock Prospecting says billions of dollars in future royalty and tax revenue for the WA economy would be in jeopardy if multi-employer bargaining codes are forced onto the mining sector. Hancock Prospecting chief executive Garry Korte said a six-week period of strike action at Port Hedland would cost $9 billion in lost iron ore export revenue and an estimated $551m in lost mining royalties to the WA Government. “If the Bill were to pass in its current form it would open the door to a confrontational industrial relations system that could cripple our industry and result in poorer wage outcomes for our workers,” he said.

Hancock Group CEO Garry Korte Discusses IR Bill

30 November 2022.

An Iron Giant: Gina Rinehart

Sailing out across the turquoise waters of Port Hedland harbor aboard the Anangel Explorer, a vessel laden with the first shipment of iron ore from the US$10 billion Roy Hill Mine, is a moment that stands out of many milestones for mining magnate Gina Rinehart, the Executive Chair of Hancock Prospecting.

Congratulations to the Hancock Group’s Executive Chair Dr. Gina Rinehart AO on her outstanding leadership

This year marks a very special milestone for the Hancock Prospecting Group – a celebration for Mrs. Gina Rinehart AO who has strongly led the Group for 30 years in her role as Executive Chair. During this time, Mrs. Rinehart has led the company to become one of the most successful private mining houses in the world, not to mention the most successful private company in Australia’s history, after taking on the position of Chair when the company was not in a good position.

2022 Australian Export Awards

The 2022 Australian Exporter of the Year awards were held in Canberra on November 24th.
Now in its 60th year and Australia’s most prestigious and longest running export awards program, the evening celebrated the achievements of Australian businesses which export home-grown innovation to the world.

Hancock Ag were awarded joint first in the category of Agribusiness, Food and Beverages award for their outstanding 2GR Wagyu Beef.

On hand to accept the award was Hancock Agriculture’s Peter Telford, who is responsible for the management of the core 2GR Wagyu herd in the central west of NSW.

This follows Hancock Prospectings achievement of the export award, at the 10th annual export awards, also held in Canberra, and attended by, executive chairman, Gina Rinehart, her daughter, and Tad Watroba, of Hancock Prospecting.