GeorginaRinehart.com

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GeorginaRinehart.com Chairman of Hancock Prospecting Pty Ltd: http://www.hancockprospecting.com.au/

Early life and family

Georgina Rinehart was born in Perth, Western Australia, the daughter of Hope Margaret Nicholas and Lang Hancock. An only child, Rinehart lived with her parents at Nunyerry, 60 kilometres (37 mi) north of Wittenoom, until she was four, later boarding at St Hilda's Anglican School for Girls in Perth. She briefly studied economics at Sydney University, and worked for her father, gaining an extensive knowledge of the Pilbara iron-ore industry. As a teenager Georgina met Englishman Greg Milton, while both were working in Wittenoom. In 1973, aged 19, Georgina married Milton and he changed his surname to Hayward. Together they had two children, John Langley and Bianca Hope.However, the marriage did not last; Georgina and Hayward separated in 1979 and divorced in 1981.In 1983 she married Frank Rinehart, a 57 year old German American corporate lawyer. They had two children together, Ginia and Hope, born 18 months apart. Frank died in 1990. In 1999 Georgina's proposal to name a mountain range after her family was approved. The so-named Hancock Range is situated about 65 km north-west of the town of Newman at 23°00′23″S 119°12′31″E / 23.00639°S 119.20861°E / -23.00639; 119.20861 and commemorates the family's contribution to the establishment of the pastoral and mining industry in the Pilbara region.

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Business career

Main article: Hancock Prospecting After the death of her father in March 1992, Georgina became Executive Chairman of Hancock Prospecting Pty Limited (HPPL) and the HPPL Group of companies. All companies within the group are privately owned. With the notable exception of receiving a royalty stream from Hamersley Iron since the late 1960s, Lang Hancock's mining activities were mainly related to exploration and the accumulation of vast mining leases. In recent years Georgina has focused on developing Hancock Prospecting's undeveloped deposits, raising capital through joint venture partnerships and turning the leases into revenue producing mines. Georgina via Hancock Prospecting, shares 50 per cent of the profits generated by the Hope Downs mine, which is operated by Rio Tinto and produces 30 million tonnes of iron ore annually. Another joint venture with Mineral Resources Limited at Nicholas Downs, northwest of Newman, is producing 500 million tonnes of ferruginous manganese. The Alpha Coal and Kevin's Corner projects in Central Queensland, both with production due to commence in 2013, are expected to produce 30 million tonnes of coal each. The Roy Hill iron ore project, south of Port Hedland, in the Pilbara is expected to begin production in 2013 with a yield of 55 million tonnes a year. In 2010 Georgina took a 10 per cent stake in Ten Network Holdings; James Packer had acquired an 18 per cent stake in the same company shortly before. Since then she has also acquired a substantial stake in Fairfax Media. In acquiring these shares, she has become a major player in the media and no longer limits her interests to the mining business. In February 2012 she increased her stake in Fairfax to over 12 per cent, becoming the largest shareholder of the company. In June 2012, she increased her stake further to 18.67 per cent, and was believed to be seeking three board seats and involvement in editorial decisions in Fairfax's newspaper division. Negotiations between Fairfax and Hancock Prospecting broke down in late June because of disagreements over Fairfax's editorial independence policy and other issues relating to board governance; chairman Roger Corbett subsequently announced that Georgina would not be offered any seats on the board.

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Political activities

Georgina opposes the Federal Government's proposed Mineral Resource Rent Tax and the Carbon Pollution Reduction Scheme. In 2010 Rinehart joined with Andrew Forrest and others in opposing the proposals. Georgina founded the lobby group ANDEV, ("Australians for Northern Development & Economic Vision") and has paid for the trips of climate change "denier", Christopher Monckton to Australia References opposes the Federal Government's proposed Mineral Resource Rent Tax and the Carbon Pollution Reduction Scheme. In 2010

Philanthropy

In a 2006 Business Review Weekly article reviewing the way Australia's rich support philanthropy, it was noted that Georgina prefers to keep a low profile, partly to avoid being "harassed by other charities" and partly for reasons of privacy. Georgina is publicly known for visiting girls' orphanages in Cambodia and is in the expert advisory group for the Hope Scholarship Award Program for girls run by SISHA, a Cambodian non-profit organisation campaigning against human trafficking.