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Generous Gina hands out massive staff bonus

Article courtesy of The West Australian
It won’t just be Australia’s richest person counting the enormous profits generated by iron ore’s runaway price rise this year.

Gina Rinehart’s personal wealth has taken another leap thanks to China’s insatiable appetite for WA’s red dirt.

But the mining magnate will also be sharing the riches with staff helping to run her Roy Hill operation through the company’s Chairman’s Profit Share Scheme.

Speaking at the annual Diggers & Dealers Mining Forum in Kalgoorlie-Boulder yesterday, Roy Hill’s new chief executive Gerhard Veldsman said reward and recognition were high priorities for the company.

“We’re really fortunate to have Mrs Rinehart as our executive chairman, and from the early days she’s actually supported the program where we share the profits that goes back to our employees,” Mr Veldsman said.

“To put it in perspective, this year, if you’re a truck driver or process plant operator in Roy Hill your bonuses over the year will be 50 per cent of your pay salary.”

04.08.2021