Australia’s richest person hits out at inefficient approvals system as Federal Government finally approves $600m project.

Final approval received for McPhee mine.

Corporate Australia is finally waking up to the threat Labor poses to the business sector, as the Albanese government, filled with radical ideologues, finds new and creative ways to thwart development.

Australia’s richest person Gina Rinehart has once again ripped into government bureaucracy as endangering the living standards of Australians, despite the approval of her newest iron ore mine.

Gina Rinehart’s Hancock Prospecting has received the green light from the federal government for the development of a major West Australian iron ore mine after years of environmental and regulatory delays.

Titan Minerals has sealed a US$120 million (AU$180 million) deal with a subsidiary of Western Australian mining giant Hancock Prospecting, which is spending big to earn up to 80 per cent of the company’s Linderos copper play in Ecuador.

It’s disappointing to read how inadequately The Australian Financial Review has treated the critical issue of developing northern Australia.

Gina Rinehart’s Hancock Prospecting has received the final go-ahead for its long-delayed $600m McPhee mine in West Australia but the billionaire has blasted government policies that make resources projects more expensive and uncertain.

Australia’s richest person Gina Rinehart has used the approval of her latest iron ore project to launch another blistering tirade in her war against “government tape”, warning it could stymie investment and compromise living standards.

The Albanese Government has finally signed off on a plan for Gina Rinehart’s Hancock Prospecting to build an iron ore mine in the Pilbara that will create 800 jobs.

Gina Rinehart has warned against policies that attack Australia’s “mining golden geese”, after Hancock Prospecting was awarded long awaited approvals for its McPhee iron ore project.