The Thatcher fan and chair of Hancock Prospecting has little sympathy for the Left, inexperienced insurance policies, or the Channel 9 TV station…
By TONY LENNOX
Gina Rinehart has the ability to maneuver mountains — actually — and the chair of Australian mining big Hancock Prospecting has turned an arid nook of Western Australia into one of many world’s most efficient sources of iron ore and minerals.
The mining trade is Australia’s largest producer of income. The nation’s plentiful pure assets of iron ore, coal, pure gasoline and uncommon minerals make up 10 % of financial output. And Gina Rinehart is vocal in urging for the comfort of what she sees as “purple tape”. In 2010 she took a number one position within the combat towards the Labour authorities’s plans to introduce a super-profits tax on minerals, funding a large publicity marketing campaign. The-then prime minister Kevin Rudd was deposed and changed by Julia Gillard, who watered-down the laws.
Over the course of her profession, the Perth native is alleged to have turn into the richest lady on the planet (topic to the fluctuation of world commodities costs, after all). Rinehart bristles on the label “mining heiress”. Whereas it’s true that she inherited the enterprise from her father, Lang Hancock, in 1992, she says it was in a determined situation when she took over. “I grew to become government chair of Hancock Prospecting when our firm had in depth liabilities,” she moaned, earlier than self-directing some reward on the firm. “After many years of stress and onerous work we at the moment are the main non-public mining firm in Australia.”
The 68-year-old is mistrustful of the media and infrequently provides interviews. In a rustic as legendarily egalitarian as Australia, these with nice wealth are a supply of public fascination. Rinehart household strife is common fodder for gossip. When she does communicate publicly, her messages will not be all the time properly obtained. She champions her trade and claims that people don’t trigger world warming.
She warns towards heeding local weather change “propaganda”. In a 2020 video handle to an Australian enterprise group, she brusquely headed-off any incipient environmental criticism: “Earlier than the iron ore trade, Western Australia was a hand-out state.” She is infamous for her environmental views, and blames inexperienced insurance policies for serving to to trigger world destabilisation. Her beliefs put her at odds with the scientific group and environmental organisations reminiscent of Associates of the Earth and more and more Australian voters.
In 2017, Rinehart sued Australia’s Channel 9 over its manufacturing of a two-part tv drama known as Home of Hancock, starring Sam Neill in a fictionalised account of the fallout from her aged father’s marriage to his Filipina housekeeper, Rose Porteous. Rinehart described the movie adaptation as “disgraceful and false”. The channel issued an apology and a pledge to not air the present once more, promote it abroad, or launch it on DVD.
However these are sideshows for chair Gina Rinehart as she leads Hancock Prospecting into a brand new period. The corporate has tasks in websites across the globe: new mines in Australia, a coking coal challenge in Canada, copper mining in Ecuador, and funding in a pure fertiliser challenge in North Yorkshire.
Regardless of her wealth, Rinehart is way from flamboyant, and dedicates herself to enterprise 24/7. Her work-rate is known, and she or he is an admirer of robust girls, most notably Margaret Thatcher. “I’m not saying I’m like this excellent woman,” she stated, “however I too suppose typically girls have a useful trait. We’re not as guided, or misguided, by ego.”
Gina Rinehart was born an solely youngster in Perth, Western Australia. She spent her early years “on-station” within the scorching Pilbara area the place her father — who found the world’s largest iron ore deposit in 1952 — constructed the township of Wittenoom. The deposit was so huge that it was estimated on the time to be sufficient for the world’s complete iron ore wants.
Rinehart attended the College of Sydney, however (based on her biographers) grew to become disillusioned with “left-wing professors” and dropped out after a 12 months. She married twice, bearing two kids from every union. Her second husband, American lawyer Frank Rinehart, died in 1990.