Group executive news
Group executive news
Historic Medal Haul for Australian Rowing Crews
02.08.2021
ROWING: Australian rowing is celebrating its single greatest day in Olympic history with four medals including two gold on the water in Tokyo on Wednesday.
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Congratulations to our Most Successful Olympic Swim Team!
01.08.2021
The most extraordinary Olympic swim meet of all time ended on the most brilliant of notes as Emma McKeon soared into the stratosphere in Tokyo today, in the process propelling Australia to its best performance ever in the Olympic pool.
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Mrs Rinehart with new Olympic stamp, celebrating the girls swimming relay team gold
31.07.2021
31 July 2021.
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China’s iron ore imports are boosting Australia’s economic recovery
26.07.2021
Prior to the pandemic, Australia’s relationship with China was at times strained, but generally uneventful. Despite Beijing giving federal cabinet the silent treatment on multiple occasions, the flow of trade between Australia and China continued relatively unimpeded.
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Iron ore stars in June export figures: ABS
26.07.2021
“These incredible results underline the importance of Australia’s resources sector to the national economy and international markets throughout the COVID-19 downturn,” he said in response to the Quarterly. “Australia’s energy and resources sector has remained safe and reliable suppliers to domestic and global markets throughout the pandemic, helping to underpin economic growth and overcome the challenging trade conditions of the past year.”
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WA’s iron clad help for NSW
15.07.2021
Leading economists believe that without WA’s record iron ore trade the Federal Government would not have had the financial flexibility to support NSW to the tune of $500 million a week during its COVID-19 lockdown. AMP chief economist Shane Oliver said without high iron ore prices the Government would not have had the cash to help NSW as much as it had. “The national income is given a boost by the iron ore boom and that is allowing the Federal Government to provide assistance to NSW, which then means incomes in NSW are protected and can bounce back more quickly,” he said.
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WA resources sector injects $122 billion into economy in 2019-20, CME survey shows
12.07.2021
WA mining and resources companies injected almost $122 billion into Australia’s economy in the 2019-20 financial year through direct and flow-on spending, helping create 309,000 full-time jobs during COVID-19. The figures, from WA’s peak resources industry body, revealed the extent to which the local sector powered economies and communities around the nation as they reeled from the impacts of the pandemic. “That’s why it’s so important that both industry and government continue to tackle key challenges like current and future skills shortages, in order to fully capitalise on the significant opportunities we have in front of us.”
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