News and all Posts 2021

Propel Group offloads Rossi following Driza-Bone sale

The Propel Group has agreed to sell the Rossi boots business to S. Kidman and Co – a beef production company chaired by mining magnate Gina Rinehart. It is the second brand sale this month by the Propel Group to S. Kidman and Co, after offloading its apparel brand Driza-bone. “Rossi boots has been wholly Australian-owned since 1910 and, together with our partners, it has been an honour to grow and develop this iconic Australian brand’s legacy of craftsmanship that is etched into the history of our country,” Propel Group chief executive Caroline Elliott said. “S. Kidman and Co is committed to preserving and expanding the Rossi brand into new markets and we are excited that this will continue under Australian ownership and investment.”

‘Greatest Australian woman’: Ian Plimer praises Gina Rinehart

Geologist Ian Plimer has praised mining billionaire Gina Rinehart, saying she “doesn’t get enough credit” in Australia. Mr Plimer told Sky News Australia that Ms Rinehart is “the greatest Australian woman” the country has ever produced. “She did it herself, she didn’t inherit anything,” she said. “She’s built a huge private company, the biggest private company in Australia. “She should be honoured for employing so many people and for paying such a huge amount of tax.”

What we can all learn from Blind Freddie

This is an edited extract of Gina Rinehart’s speech to The Australian Financial Review Business Person of the Year awards on December 14. We need policy that helps Australians. We need policies that make investment in our country worth doing. If we have any interest in maintaining our standards of living, we should be doing what other countries are doing. Rolling out the red carpet for investment. Expensive trade trips, even the expense of trade personnel overseas, well – without cutting the cost and delay, or worse, of government red tape, there’s no reason for those.

Gina Rinehart buys popular Australian shoe brand Rossi Boots

Billionaire and mining magnate Gina Rinehart has furthered her journey into the Australian fashion industry by purchasing the shoe brand, Rossi Boots. Rinehart’s company S. Kidman and Co. said its purchase of the boot manufacturer, which has been operating since 1910, was a part of its “commitment to preserving iconic national brands” “(This) ensures that Rossi’s manufacturing excellence remains in Australian hands and will see it expand into new markets,” the company said.

Mining Journal’s Most Influential list 2023 | Number One, Mrs Gina Rinehart AO

Our yearly Most Influential list hits at a time when Toronto and London markets are feeling the heat, while Australian mining stocks appear to be performing well. Some of that is down to this year’s Number One: Gina Rinehart AO.

Rinehart calls for tax cuts, criticises renewables and ‘eyesore’ solar panels

Mining magnate Gina Rinehart has demanded a cut to taxes in Australia, including state payroll taxes and the fuel excise, and bemoaned the spread of renewable energy projects and “eyesore” solar panels after being named The Australian Financial Review Business Person of the Year. Her polemic came after former UK prime minister Boris Johnson told the audience of almost 200 chief executives, managing directors, chairmen and directors that there would be “a lot of positives” if Donald Trump were elected for a second time in 2024, particularly in foreign policy.

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.

Rinehart crowned Business Person of the Year

“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,” Hancock Prospecting said. “On behalf of the Hancock Prospecting executive team and staff, congratulations Mrs Rinehart on this well-earned recognition for your hard work, dedication, and leadership. Hancock Prospecting, and indeed Australia, would not be what it is today without you.”

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.

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.”

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.