Original article by John Stensholt
The Australian – Page: 13 & 18 : 17-May-23

Mining magnate Gina Rinehart notes that mining capital expenditure is currently about $40bn a year, compared with more than $100bn annually at the peak of the previous mining boom about a decade ago. Rinehart describes the $60bn investment gap as a missed opportunity for Australia. She contends that government policy needs to be more supportive of the resources sector if Australia is to continue to produce future-facing commodities that are needed for the energy transition. Rinehart adds that the remaining mine life of Hancock Prospecting’s Roy Hill project is about 10 years, but this can be extended if the regulatory regime is more amenable.

CORPORATES
HANCOCK PROSPECTING PTY LTD, ROY HILL HOLDINGS PTY LTD