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Rio Tinto says its has signed off on the legal framework covering the development of Simandou

Rio Tinto has finally signed off on a key development agreement with the Guinean government over the port and rail infrastructure needed to get the giant Simandou iron ore mine in Guinea, West Africa, into production. Rio late on Friday said it had signed off on the joint venture arrangements with the Guinean government and the China-backed Winning consortium on a “co-development convention”. The agreement clears the way for an acceleration in the development of Simandou, long lauded as the biggest undeveloped iron ore project in the world.

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Rio Tinto and partners reach agreements on rail infrastructure to unlock Simandou

Rio Tinto and its joint venture partners have reached a key infrastructure milestone with the Republic of Guinea towards the full sanctioning of the Simandou iron ore deposit in the West African country. The mining giant said the parties had reached agreements on trans-Guinean infrastructure for the massive project, creating legal framework for the co-development of more than 600km of new rail line. The rail will be used to export the steel-making ingredient from the Simandou mining concessions in the southeast of the country.

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SPECIAL REPORT | Bush Summit can bring policy energy, writes Gina Rinehart

Economically we increasingly struggle, given government policies which are not conducive to attracting investment – investment necessary to keep us internationally competitive, and to maintain our living standards, and to help combat welfare dependency in rural and remote regions.
As I look across the vastness from our agricultural properties in the Kimberleys, I see the potential for the creation of jobs to give families and children a future in our north, jobs in industries that can help feed and clothe other Australians and our allies. What is required, though, are policies to help attract investment. It’s about letting people work, such as our patriotic veterans or senior Australians who are hampered by onerous red tape and only permitted to work several hours per week – if more, they face serious financial consequences. It’s about placing more defence facilities in our vulnerable north. Hopefully this Bush Summit can re-energise interest in our north, despite the obvious problem: 85 per cent of Australians, and 85 per cent of the voters, live in our cities.

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Mining sector delivers billions to Australia

The mining industry has contributed a record $455 billion in export revenue for Australia during the 2022–23 financial year, according to the Australian Bureau of Statistics (ABS). The Minerals Council of Australia (MCA) said the record result highlights the importance of the mining industry to the country’s economy, government revenues and regional jobs “The industry’s significant contribution to the nation’s export earnings cannot be taken for granted,” MCA chief executive officer Tania Constable said.“Australia risks dealing itself out of trillion-dollar critical minerals markets unless it gets serious about addressing rising costs, declining productivity and increased policy risks.”

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Gina Rinehart donated $60M to Australian Olympics after 2012 swim team flop

The West Australian reports Australia’s richest woman Gina Rinehart has donated over $60 million to Australian Olympians over the past decade, new figures reveal. The mining magnate and current Western Australian of the Year, whose net worth is estimated to be close to $40 billion, began supporting Australian athletes after the swimming team won just one gold medal at the 2012 London Olympics.
Through her company Hancock Prospecting, she has since poured money into Australian swimming, rowing, and volleyball.

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HERITAGE REWRITE TO GET THE AXE

The controversial overhaul of WA’s Aboriginal heritage laws will be scrapped completely in a stunning development just one month after the changes came into effect. Facing a wave of anger and anxiety — particularly among the State’s farming community — Premier Roger Cook and Aboriginal Affairs Minister Tony Buti are poised to make the announcement within days. The West Australian understands major resources companies and Indigenous groups were briefed on the decision on Friday.

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MINING BOOM IN CULTURAL EXPERTS

An advertisement for a heritage principal at Gina Rinehart’s Hancock Prospecting says the position is needed to “ensure compliance with the Aboriginal Cultural Heritage Act 2021”. It says the successful applicant will “provide project specific and general advice to business regarding new ACHA 2021 requirements and guidelines including drafting reports, memos, and internal business advice related to heritage.” Implementing the new Act has led to widespread criticism by farmers and businesses, with complaints centred on high compliance cost burdens for landholders and the potential deterrent to investment and jobs. Shadow lands minister Neil Thomson questioned why the additional departmental positions hadn’t been established when the Act came into force on July 1.

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FARMERS FEAR LEGISLATION COULD SEND THEM BROKE

Farmers are worried they could go bankrupt or be sent to jail for falling foul of contentious new Aboriginal cultural heritage laws, a fiery South West community forum has heard. Another issue that emerged as a flashpoint for Waroona landholders at the packed-out Monday town hall meeting is the high cost of commissioning surveys and a 20-fold increase in the maximum penalty for breaking the rules — as well as the additional prospect of jail.
“What I would like to know is why our property rights are being eroded? And I would like to know why, if this is so important to the country or the State, the State Government is not paying?”

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‘HIDDEN’ HERITAGE LAWS STIR ANXIETY

“We wake up in the morning and decide if something needs to get done, and then we get it done,” he said. “If we need to build a fence, we build the fence, but this sort of thing could delay us for months even on a simple thing like that. “There wouldn’t be a farmer around here who doesn’t want to see Aboriginal people in the area get ahead, but these rules are the sort of thing made by bureaucrats and environmentalists who have never spent time on the land.” -Jamie Warden, a fifth-generation farmer

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