Gina Rinehart set to become the world's richest person (1 Viewer)

[Slide]

GINA Rinehart is on par to become the richest person on the planet after new research revealed the Perth iron ore magnate's future projects will supercharge her earnings.
The reluctant billionaire is on her way to dominating the globe with her resources projects, according to new research by financial corporation Citigroup.

Ms Rinehart, an iron ore magnate in Western Australia, made history last month when she became the first woman to top the BRW rich list after her fortune doubled to $10.3 billion over the past year.

But, as first revealed by Perth Now, new analysis by Citigroup suggests the 57-year-old could one day become the world’s richest person as the head of Hancock Prospecting.

The report on worldwide resources projects - dubbed Generation Next - evaluated 400 mining projects around the world that are not currently in production but are moving through the design/approval stages.

BHP Billiton, Rio Tinto, Xstrata and Anglo American top the list, with Hancock Prospecting, which Ms Rinehart inherited from her late father Lang, sits fifth.

According to business website SmartCompany, Ms Rinehart's projects will catapult her to the top of the list because she owns all of hers, whereas other companies share their wealth with shareholders.

She has three projects in the top 10, the same number as Rio Tinto. BHP Billiton has none.

The projects are:

* Roy Hill iron ore in WA, which is scheduled to start production in 2014, building to a rate of 55 million tonnes a year, and valued at 688,888 tonnes of copper equivalent.

* Alpha Coal in Queensland, also scheduled to start in 2014 at a rate of 30 million tonnes of coal and year – rated as 563,000 tonnes of copper, and

* Kevin’s Corner coal in Queensland, scheduled to start in 2013 also at a rate of 30 million tonnes of coal – and also rated as 563,000 tonnes of copper.

Website SmartCompany says these three projects are expected to attract joint venture partners in the same way Ms Rinehart partnered Rio Tinto on her first iron ore project in WA, Hope Downs, which continues to generate the bulk of Hancock Prospecting's cash flow.

 

[iRuler]

This is going against the laws of nature

 

[SylviaB]

This is excellent and we should all be celebrating.
Sadly though, it just means a bunch of barbaric neanderthals (ie the greens et al) will have more ammo for their 'punish success' resource tax advocacy.

 

[Blastus]

mining makes us all wealthy

 

[SylviaB]

the mining industry is the industry of patriots and heroes

 

[SylviaB]

wait a second shane

didn't you say your parents work in the gold industry

and you're becoming a LAWYER

god i lose so much respect for you every day

 

[cosmo kramer]

so shes super rich

but shes also the most disgusting looking woman ive ever seen

wtf lipo/plastic surgery

 

[Chemical Ali]

considering it only costs the mining industry $22 million to replace a prime minister they don't like, I wonder how long until Australia gets renamed Ginastan

also why is this in L&OB news, there's nothing light about Gina

 

[chuha]

so shes super rich

but shes also the most disgusting looking woman ive ever seen

wtf lipo/plastic surgery

She'll probably get both these surgeries done now lol.

 

[mirakon]

gina rinehart is on par to become the richest person on the planet after new research revealed the perth iron ore magnate's future projects will supercharge her earnings.
the reluctant billionaire is on her way to dominating the globe with her resources projects, according to new research by financial corporation citigroup.

Ms rinehart, an iron ore magnate in western australia, made history last month when she became the first woman to top the brw rich list after her fortune doubled to $10.3 billion over the past year.

But, as first revealed by perth now, new analysis by citigroup suggests the 57-year-old could one day become the world’s richest person as the head of hancock prospecting.

The report on worldwide resources projects - dubbed generation next - evaluated 400 mining projects around the world that are not currently in production but are moving through the design/approval stages.

Bhp billiton, rio tinto, xstrata and anglo american top the list, with hancock prospecting, which ms rinehart inherited from her late father lang, sits fifth.

According to business website smartcompany, ms rinehart's projects will catapult her to the top of the list because she owns all of hers, whereas other companies share their wealth with shareholders.

She has three projects in the top 10, the same number as rio tinto. Bhp billiton has none.

The projects are:

* roy hill iron ore in wa, which is scheduled to start production in 2014, building to a rate of 55 million tonnes a year, and valued at 688,888 tonnes of copper equivalent.

* alpha coal in queensland, also scheduled to start in 2014 at a rate of 30 million tonnes of coal and year – rated as 563,000 tonnes of copper, and

* kevin’s corner coal in queensland, scheduled to start in 2013 also at a rate of 30 million tonnes of coal – and also rated as 563,000 tonnes of copper.

Website smartcompany says these three projects are expected to attract joint venture partners in the same way ms rinehart partnered rio tinto on her first iron ore project in wa, hope downs, which continues to generate the bulk of hancock prospecting's cash flow.

wtf

 

[Lentern]

To me Gina Rineheart is the doll that Lisa designed to rival Malibu Stacy.

 

[SylviaB]

if that writers block cunt posts in this thread i think im going to have a fucking aneurism

 

[powlmao]

so shes super rich

but shes also the most disgusting looking woman ive ever seen

wtf lipo/plastic surgery

i was going to say the same thing

 

[SylviaB]

be quiet she is a hero

 

[sjp112]

yeh but she did inherit her wealth which makes people respect her less