S. Kidman and Co. Australian beef producer since 1899

Let people work | By Ian Henschke | Chief Advocate National Seniors Australia

AUSTRALIA is facing a workforce crisis it’s never seen before. Job vacancies are approaching half a million, dragging business and economic growth down and fuelling a cost-of-living crisis. The hardest hit sectors include agriculture, hospitality, mining, tourism, and the caring industries. The Federal Government has raised the yearly permanent migration quota by 35,000 – but workforce shortages are not going to be solved by immigration alone. We need to boost participation and support people with limited income and savings to earn more. We also need to boost tax revenue to pay for health, aged care, and other social services. To fix these economic and socioeconomic challenges we must “let people work”.

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Gina Rinehart’s agriculture workers in line for big lottery prizes to mark her birthday

Those 41 prizes represent one for each year Ms Rinehart has worked at Hancock Prospecting.

The 4000 workers employed by her companies in mining, energy and agriculture divisions are in the running.

Although her fortune is built on iron ore mining, through Hancock Agriculture and S Kidman and Co, Ms Rinehart is both one of the biggest landowners in Australia and owner of one of its biggest cattle herds.

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IBISWorld list shows private ag service firms outstanding in their field

Privately owned agribusinesses thrived on good seasons, heady markets and strong demand during 2022 with the farm services sector a standout performer among Australia’s top 500 private companies. CBH came in behind Anthony Pratt’s Visy company ($9.3b) and Australia’s top performing private business, Gina Rinehart’s Hancock Prospecting, which has now held the top spot for three years. The Perth-based Hancock company includes Mrs Rinehart’s Hancock Agriculture pastoral and feedlot beef enterprise, which has been in the news of late as she prepares to sell 2.4m hectares of S. Kidman and Company pastoral country in northern Australia bought in 2016.

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MANUFACTURING V RED TAPE

The so-called jobs crisis has been caused by the splurging of hundreds of billions of dollars of borrowed money at both State and Federal levels on projects that could have waited. It’s the end of 2022 and time to take stock of where we are now. Something has gone badly wrong. There will always be droughts, floods and fires and it is unreasonable to think otherwise. What must be at the centre of all government thinking is the necessity to be world competitive. Do not allow these costs, bureaucracy, red tape and lack of meaningful discussion to undermine and threaten the greatest and most resilient manufacturing system remaining in Australia today.

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Hancock warns of IR troubles

Gina Rinehart’s Hancock Prospecting says billions of dollars in future royalty and tax revenue for the WA economy would be in jeopardy if multi-employer bargaining codes are forced onto the mining sector. Hancock Prospecting chief executive Garry Korte said a six-week period of strike action at Port Hedland would cost $9 billion in lost iron ore export revenue and an estimated $551m in lost mining royalties to the WA Government. “If the Bill were to pass in its current form it would open the door to a confrontational industrial relations system that could cripple our industry and result in poorer wage outcomes for our workers,” he said.

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An Iron Giant: Gina Rinehart

Sailing out across the turquoise waters of Port Hedland harbor aboard the Anangel Explorer, a vessel laden with the first shipment of iron ore from the US$10 billion Roy Hill Mine, is a moment that stands out of many milestones for mining magnate Gina Rinehart, the Executive Chair of Hancock Prospecting.

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