Rinehart warns of $60b investment gap

Mining magnate Gina Rinehart says Australia needs to develop more mines if it wants to maintain its standard of living, warning of a $60 billion investment shortfall in the resources sector. Delivering a rare public speech at the Queensland Resources Media Club in Brisbane yesterday, Ms Rinehart said the miningr sector was responsible for helping Treasurer Jim Chalmers deliver the first surplus in 15 years. She also took aim at the federal government’s delayed approval process for new mines, as well as mooted industrial relations reform.

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The Australian | Letters | Gina’s warning

Gina Rinehart is absolutely correct to warn of the sovereign risk to investment (“ ‘No green energy projects without existing mining’, says Gina Rinehart”, 16/5), to our competitiveness and to our standard of living by governments that over-regulate, that introduce regulatory uncertainty and are anti – rather than pro – mining.

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Congratulations to the Hancock Prospecting Group Artistic Swimming Australia National Team that finished 4th overnight in the Technical Team at the World Aquatics World Cup event in Egypt

Well done to the coaches and team for their dedication and commitment, rewarded with amazing improvement. It highlights what investment from our Patron Mrs Gina Rinehart through Hancock Prospecting Group can achieve in such a short timeframe and we look forward to further improvement on our journey to qualify for the Paris 2024 Olympic Games.

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Labor ‘should have done more’ to address needs for senior Australians | Ian Henschke | Sky News Australia

Nationals Seniors Chief Advocate Ian Henschke says Labor “should have done more” in the federal budget to address the needs of seniors in Australia. “They should have done more with the call to let people work without such a penalty on their benefits,” Mr Henschke told Sky News Australia. “Because the pensioner, as you know at the moment, loses 50 cents in a dollar for about the second day’s work – that system has to change.”

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Discussion with Dr Jacqueline Drew, an Associate Professor of the School of Criminology and Criminal Justice at Griffith University | On the topic of scams current in online platforms

It’s just prolific and there’s no sign of these types of scams decreasing in the near future. So, you know, Australia in 2021 lost about $2 billion to scams and in 2022 that went up to $3 billion. So it you know, the amount of scams happening and the amount of money that Australians are losing is just enormous.

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