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Gina Rinehart

Analysis and Comment (33)

Gina Rinehart’s Roy Hill mine has secured funding from multiple sources, including Export-Import banks in the US, Japan and Korea. Gina Rinehart’s Roy Hill mine has secured funding from multiple sources, including Export-Import banks in the US, Japan and Korea. Hancock Prospecting/AAP

Why the US Export-Import Bank backed Rinehart’s Roy Hill

When Gina Rinehart’s Roy Hill mine proposal secured the multi-billion dollar financing deal needed to proceed last week, questions were asked about the US$694.4 million coming from the US Export-Import…
Australia’s richest person Gina Rinehart has failed in her legal bid to force journalist Steve Pennells to reveal his sources for a series of stories. Australia’s richest person Gina Rinehart has failed in her legal bid to force journalist Steve Pennells to reveal his sources for a series of stories. AAP/Tony McDonough

Pennells decision a win for source protection and investigative journalism

In a landmark ruling, the Western Australian Supreme Court has dismissed an attempt from mining magnate Gina Rinehart to force a journalist to disclose his sources and materials. Steve Pennells, a senior…
Fairfax’s Richard Baker and Nick McKenzie are two of the five journalists currently involved in legal disputes for not revealing their sources. Fairfax’s Richard Baker and Nick McKenzie are two of the five journalists currently involved in legal disputes for not revealing their sources. Image supplied by MEAA

Protecting the journalists' privilege: reporters go to court

The protection of confidential sources is an ethical and legal minefield for journalists in Australia, despite the introduction over the past two years of so-called journalists’ privilege in several jurisdictions…
Tax benefits have made family trusts an increasingly popular financial arrangement. Tax benefits have made family trusts an increasingly popular financial arrangement. Image from www.shutterstock.com

Time for policymakers to address tax benefits from family trusts

Family trusts have featured heavily as part of recent media reporting of the circumstances of two very high-profile families: the Rineharts and the Obeids. Of course, these are not the only families that…
Will the opening of the Galilee Basin undermine Queensland’s economic and environmental future? Will the opening of the Galilee Basin undermine Queensland’s economic and environmental future? AAP

Why the Galilee Basin is worth worrying about

The Galilee Basin is a massive Queensland coal basin on the verge of being opened up for the first time. If it goes ahead as anticipated, there will be a host of significant impacts ranging from the local…
Given its parlous financial state, Queensland is within its rights to increase mining royalties. But why frame it as a surplus profits tax? Given its parlous financial state, Queensland is within its rights to increase mining royalties. But why frame it as a surplus profits tax? AAP

Queensland coal: an accounting black hole

The Queensland Government has decided to raise coal mining royalties. Seems reasonable, doesn’t it? A review of Queensland Pty Ltd by Peter Costello revealed a precarious balance sheet. Time to get things…
Australian iron ore producers have had a torrid time in recent months - but how they quickly they can respond to such fluctuations will be critical to their continued success. Australian iron ore producers have had a torrid time in recent months - but how they quickly they can respond to such fluctuations will be critical to their continued success. AAP

The floating fortunes of our iron ore barons

Despite the recent fluctuations of the iron ore price, producers such as mining billionaires Andrew Forrest and Gina Rinehart entered the iron ore market with eyes wide open and understand the long-term…
The real significance of a decision forcing Gina Rinehart to pay the court costs of both her children and media outlets is to demonstrate legal independence and the importance of open justice. The real significance of a decision forcing Gina Rinehart to pay the court costs of both her children and media outlets is to demonstrate legal independence and the importance of open justice.

Costs of justice: Another episode in the Rinehart dispute

In every parent’s life there comes a time when it’s best to hand over the keys to the kids and treat them as adults. That time comes quicker if they haven’t been wrapped in cotton wool or reminded of inadequacies…
An extraordinary attack on ASIC chairman Greg Medcraft this week will do much to weaken confidence in the efficacy of the financial architecture, without any obvious potential upside. An extraordinary attack on ASIC chairman Greg Medcraft this week will do much to weaken confidence in the efficacy of the financial architecture, without any obvious potential upside.

Attack on ASIC chief draws corporate governance into political mire

The attack on the authority, integrity and judgement of the chairman of the Australian Securities and Investments Commission, Greg Medcraft, by the shadow minister for financial services and superannuation…
James Packer’s raid on Echo Entertainment has put Australia’s takeover laws under the spotlight. James Packer’s raid on Echo Entertainment has put Australia’s takeover laws under the spotlight. AAP

ASIC’s review of creep provisions puts corporate raiders on notice

It’s been an interesting time for Australia’s corporate watchdog. Financial manoeuvres by Gina Rinehart and James Packer, which saw them increase their holdings in Fairfax Media and Echo Entertainment…
If she is unable to gain seats on the board, Gina Rinehart can still establish a control base by initiating a takeover of Fairfax and offering a premium to shareholders. If she is unable to gain seats on the board, Gina Rinehart can still establish a control base by initiating a takeover of Fairfax and offering a premium to shareholders. AAP

Paying a premium could shore up Rinehart’s control of Fairfax

Fairfax Media Ltd’s constitution enables the board to allocate board places in addition to the existing directors up to the maximum number of directors allowed in the constitution - not more than 12 unless…
Certain obstacles - such as Fairfax’s 51% shareholding in New Zealand incorporated company Trade me - play a role in Gina Rinehart’s decision to lower her stake in Fairfax to 15%. Certain obstacles - such as Fairfax’s 51% shareholding in New Zealand incorporated company Trade me - play a role in Gina Rinehart’s decision to lower her stake in Fairfax to 15%. AAP

What’s behind Gina Rinehart’s Fairfax sell-down?

Hancock Prospecting’s explanation for selling down to 15% of Fairfax suggests it is unlikely either to bid or sell down further in the short term. Its stated reason was to clear an obstacle - arising from…
News limited chief executive Kim Williams has outlined a coherent strategy for the future, while Fairfax has relied on panic tactics, stoking fears of a crisis. News limited chief executive Kim Williams has outlined a coherent strategy for the future, while Fairfax has relied on panic tactics, stoking fears of a crisis.

Media earthquake: panic, disinformation, and competing visions at Fairfax and News

So that was the week that was. The Conversation anticipated this would be a big week that required close scrutiny and debate. What we didn’t realise was that first thing Monday morning Fairfax would announce…
Rinehart will experience push-back from Fairfax staff if she tries to change the paper’s editorial direction. Rinehart will experience push-back from Fairfax staff if she tries to change the paper’s editorial direction. AAP/Julian Smith

Why does Gina Rinehart want control of Fairfax?

It is elementary that most business investors seek to make money. But Gina Rinehart’s investment in Fairfax is not aimed at a financial return. There are a hundred other, healthier companies where this…
Long-time friend of Gina Rinehart, John Singleton believes she should be able to influence editorial decisions at Fairfax. Long-time friend of Gina Rinehart, John Singleton believes she should be able to influence editorial decisions at Fairfax. AAP

With Gina poised, a new class of conservative elites now rule the roost

For years, in the tabloid media and on talkback radio, we’ve been hearing about the domination of Australian politics by a “new class” of left-wing “cultural elites”, but the Rinehart ascendancy at Fairfax…
Trust in the media is at the heart of issues around Gina Rinehart, Fairfax and editorial independence. Trust in the media is at the heart of issues around Gina Rinehart, Fairfax and editorial independence. AAP

Basically, the fight around Fairfax is about who we should trust

Amid indications that Fairfax is going into the corporate death spiral – ongoing disinvestment resulting in smaller market share - we’re asking the wrong questions about the future of the Australian media…
Rinehart’s right-wing views may have a new outlet if her tilt at Fairfax is successful. Rinehart’s right-wing views may have a new outlet if her tilt at Fairfax is successful. AAP/PPR

Gina Rinehart, Fairfax and the ‘war’ politics of the Australian right

What a dream come true for Australia’s right-wingers. First of all they can point to Gina Rinehart’s wealth (“the richest woman in the world”) as a sign of Australia’s arrival as a capitalist power and…
Malcolm Fraser and Gough Whitlam joined forces to protect the independence of The Age in Melbourne’s Fitzroy Gardens in 1991. Malcolm Fraser and Gough Whitlam joined forces to protect the independence of The Age in Melbourne’s Fitzroy Gardens in 1991. maintainyourage.org

Malcolm Fraser: Does it matter who owns our papers? Yes it does

The Age and the Sydney Morning Herald have maintained editorial independence since the foundation of the newspapers. It is an important principle of all great newspapers, but it is a principle that will…
Gina Rinehart’s involvement in Fairfax is unlikely to alleviate an already polarised and fragmented media discourse in Australia. Gina Rinehart’s involvement in Fairfax is unlikely to alleviate an already polarised and fragmented media discourse in Australia. AAP

Rinehart’s tilt at power is bad news for public debate

There are numerous indications that mining magnate Gina Rinehart seeks to take control of the Fairfax media group. What are the likely implications of that move, and how would it affect Australian society…
Fairfax Media’s Melbourne’s printing operations in Tullamarine will be closed down under a radical restructure of the company. Fairfax Media’s Melbourne’s printing operations in Tullamarine will be closed down under a radical restructure of the company. AAP

Death by 1,900 cuts: will quality journalism thrive under Fairfax’s new model?

It was less than ten years ago that Fairfax Media’s The Age opened its shiny, new printing presses at Tullamarine. Billed at the time as “state-of-the-art”, the then Premier Steve Bracks opened the $220…
Fairfax Media needs a patron - and the one on offer is Gina Rinehart. Fairfax Media needs a patron - and the one on offer is Gina Rinehart. AAP

Fairfax is broke and dying before our eyes - it needs Gina

Every business needs paying customers. Who those paying customers are varies from business to business. The single largest paying customer for Australian universities, for example, is the federal government…
Gina Rinehart is poised to seize control of Fairfax. Gina Rinehart is poised to seize control of Fairfax. AAP

Fairfax or Gina-fax? Let’s have the debate before it’s over

The next two weeks will be defining moments for Australia. It’s when Fairfax is likely to morph into Gina-fax. On Tuesday Gina Rinehart, the world’s richest woman, is expected to confirm that she has acquired…
Gina Rinehart’s increased stake in Fairfax Media has fuelled speculation of a future takeover bid. Gina Rinehart’s increased stake in Fairfax Media has fuelled speculation of a future takeover bid. AAP

Creeping or jumping to control? Gina Rinehart, Fairfax and the Corporations Act

Takeovers are about control. Gina Rinehart’s acquisition of Fairfax Media Limited shares] - and increased stake in the company - has raised several questions about the nature of control in listed companies…
An iron ore project in Western Australia similar to that proposed by Gina Rinehart at Roy Hill. An iron ore project in Western Australia similar to that proposed by Gina Rinehart at Roy Hill. AAP Image/Rebecca Le May

Enterprise Migration Agreements - why won’t Australians do the work?

The announcement that controversial mining billionaire Gina Rinehart is to use new Enterprise Migration Agreements to employ 1715 foreign construction workers on her $9.5 billion Roy Hill iron ore project…
Sitting between two hot potatoes: Gina Rinehart’s Hancock Prospecting is the first company allowed to use an EMA. Sitting between two hot potatoes: Gina Rinehart’s Hancock Prospecting is the first company allowed to use an EMA. AAP

Enterprise Migration Agreements strike the right balance in a tricky policy area

Sitting between the two hot potatoes of immigration control and labour market regulation, work visas are an inherently controversial public policy issue. It is therefore of little surprise that Immigration…
Gina Rinehart with daughter Ginia Rinehart attend a State Reception for Queen Elizabeth II in Perth. Gina Rinehart with daughter Ginia Rinehart attend a State Reception for Queen Elizabeth II in Perth. AAP/Lincoln Baker

Forget the personality sideshow, serious legal issues are at the heart of Rinehart family feud

The dispute between Australia’s richest person, Gina Rinehart, and her children is more than a private squabble between relatives. The high profile of the litigants meant the case was always going to attract…
There has been a concerted push for foreign workers to fill the gaps in the resources industry. There has been a concerted push for foreign workers to fill the gaps in the resources industry. AAP

Are foreign workers really the answer to the resources skills shortage?

Within the much publicised debate of labour shortages in the resources sector, there is now a concerted push to open up employment to larger numbers of skilled foreign workers. Large employers such as…
Murdoch and Rinehart could soon own almost all the significant newspapers in Australia. Murdoch and Rinehart could soon own almost all the significant newspapers in Australia. EPA/Michael Reynolds/AAP/Tony McDonough

Gina Rinehart and Rupert Murdoch: a study of power in the media

Australia’s wealthiest person, Gina Rinehart has bought shares in Fairfax Media. Should we be worried if she buys a controlling interest in the company that publishes the Age, Sydney Morning Herald and…
“Fairfax looks very exciting,”: mining magnate Clive Palmer expresses an interest in media. “Fairfax looks very exciting,”: mining magnate Clive Palmer expresses an interest in media. AAP

When the powerful buy into the media, can the media still scrutinise the powerful?

The mining industry is used to having its voice heard in Australian public debates, so it should come as no surprise that mining billionaires such as Gina Rinehart and Clive Palmer would consider buying…
There’s not much money in newspapers, but plenty of chances to promote your views. There’s not much money in newspapers, but plenty of chances to promote your views. AAP

Rinehart’s media ambitions: bad news for coverage of climate change

News that Gina Rinehart has reportedly attained a 12.8% stake in Fairfax Media (and is seeking just under 15%) is bad for the Australian media environment: it potentially puts yet another billionaire in…
Mining magnate, Gina Rinehart is trying to buy more influence by becoming Fairfax media group’s largest shareholder. Mining magnate, Gina Rinehart is trying to buy more influence by becoming Fairfax media group’s largest shareholder. AAP Image/Tony McDonough

Does Gina Rinehart’s move on Fairfax make her an oligarch? Not yet …

Australia’s richest person Gina Rinehart has moved to increase her stake in Fairfax Media, owner of The Age, Sydney Morning Herald and a number of radio stations. Rinehart has already shown her desire…
The successful anti-mining tax campaign may cement Rinehart’s rich-list position. The successful anti-mining tax campaign may cement Rinehart’s rich-list position. AAP

Spooking Labor was Rinehart’s smartest investment

Now that Gina Rinehart has more than doubled her fortune in one year to top the 2011 BRW Rich 200 list, she will no doubt see her contribution to last year’s $22 million campaign to stop Labor’s resources…

Research and News (5)