Gina Rinehart is a leading figure in the mining and agricultural industries in Australia.
She spent her childhood between the Pilbara, in north-west Australia, where she lived with her parents on large sheep and cattle properties in the remote and rugged iron ore region, later attending boarding school at St. Hilda’s Anglican School for Girls in Perth.
Since becoming Executive Chairman of the Hancock Prospecting Group in 1992, Mrs. Rinehart has transformed the Group from one that was in difficulties and financially troubled to a successful industry-leading innovator.Under Mrs. Rinehart’s leadership, the Hancock Group has diversified from prospecting to include investments in iron ore, coal, beef, dairy and property.
Mrs Rinehart’s achievements include the development of the mega Roy Hill project, the exploration and then development of four major iron ore mines at Hope Downs with joint-venture partner Rio Tinto, and the considerable expansion of Hancock’s agricultural business, now the second largest producer of cattle in Australia.
At Hope Downs, Mrs Rinehart took the company’s tenements from a status of temporary titles – with the area having little more than a few drill holes – to then with partner Rio Tinto, construction of three major mines. This involved an enormous approval process and extensive high-risk expenditure both for exploration and studies, then raising money to develop these mammoth mines and related facilities.
Mrs Rinehart’s flagship achievement is the exploration, financing, construction and operation of the $US10 billion Roy Hill project – the debt raised was the largest ever for a mainly greenfield land-based mining and infrastructure project anywhere in the world. This debt-funding package was secured from 19 of the largest banks in the world and five Export Credit Agencies.
Rick Ford is Regional Manager for Hancock’s West Australian Cattle stations. He is also full time manager of ‘Fossil Downs Station’ in the Kimberley where he resides with his family. Growing up on cattle stations in Central Queensland Rick has worked within in the cattle industry his whole life and is enthusiastic about its future.
Rick’s key area within the company is at an operational level with a focus on driving fertility, improving genetics and increasing kgs of beef turned off per hectare. He is also a key member of Hancock’s Innovation & Technology committee bringing practical advice on cost saving initiatives to increase efficiency.