Iron ore Profits Soar

Farm Boy 2

Legend Member
Points
24
Glass Ceiling Shattered .

*Gina Rinehart’s Hancock Prospecting has recorded one of the biggest profits by an Australian private company in recent history, the iron ore miner’s 2019 financial accounts reveal.


*Mrs Rinehart’s business paid a huge $1.1bn in tax, up from $600m last year. Revenue, most of which is from iron ore sales, surged to $8.4bn from $5.8bn in 2018.
 
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