Australian Mining Entrepreneurs
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Australian Mining Entrepreneurs
The Australian mining industry has had a series of people who have had significant impact on the Australian economy as well as the mining industry due to their wealth, and their investment in the industry. Sometimes they are designated as ''Mining Magnates'', and they are ascribed other titles such as ''Mining Tycoons'', however in most cases they are significantly very public figures in the media of their times. Also during various changes in the national economy and mining industry some smaller players have had to adapt to the change. There have been occasions where they join in protest against politicians, or alternatively they become leaders of political parties, or politicians. The claims that Australian mining entrepreneurs have control over the political process also arises at times. At times tycoons have also been known to have rivalries and difference that become public. Some people who have been more acutely private about their wealth and lives, also can be understood ...
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Australian Economy
Australia is a highly developed country with a mixed economy. As of 2023, Australia was the 14th-largest national economy by nominal GDP (gross domestic product), the 19th-largest by PPP-adjusted GDP, and was the 21st-largest goods exporter and 24th-largest goods importer. Australia took the record for the longest run of uninterrupted GDP growth in the developed world with the March 2017 financial quarter. It was the 103rd quarter and the 26th year since the country had a technical recession. As of June 2021, the country's GDP was estimated at $1.98 trillion. The Australian economy is dominated by its service sector, which in 2017 comprised 62.7% of the GDP and employed 78.8% of the labour force. At the height of the mining boom in 2009–10, the total value-added of the mining industry was 8.4% of GDP. Despite the recent decline in the mining sector, the Australian economy has remained resilient and stable and did not experience a recession from 1991 until 2020. Am ...
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Mining Industry
Mining is the extraction of valuable geological materials and minerals from the surface of the Earth. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay. The ore must be a rock or mineral that contains valuable constituent, can be extracted or mined and sold for profit. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even water. Modern mining processes involve prospecting for ore bodies, analysis of the profit potential of a proposed mine, extraction of the desired materials, and final reclamation or restoration of the land after the mine is closed. Mining materials are often obtained from ore bodies, lodes, veins, seams, reefs, or placer deposits. The exploit ...
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Alan Bond (businessman)
Alan Bond (22 April 1938 – 5 June 2015) was an English-born Australian businessman noted for his high-profile and often corrupt business dealings. These included his central role in the WA Inc scandals of the 1980s; the biggest corporate collapse in Australian history; and also his criminal conviction that saw him serve four years in prison. He is also remembered for bankrolling the successful challenge for the 1983 America's Cup, the first time the New York Yacht Club had lost it in its 132-year history. He also founded Bond University, Gold Coast, Australia. Early life Alan Bond was born on 22 April 1938, the son of Frank and Kathleen Bond in the Hammersmith district of London, England. In 1950, aged 12, he emigrated to Australia with his parents and his elder sister Geraldine, living in Fremantle, near Perth. At the age of 14, he was charged with stealing and being unlawfully on premises. Aged 18, he was arrested for being unlawfully on premises, and reportedly admitted ...
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The Canberra Times
''The Canberra Times'' is a daily newspaper in Canberra, Australia, which is published by Australian Community Media. It was founded in 1926, and has changed ownership and format several times. History ''The Canberra Times'' was launched in 1926 by Thomas Shakespeare along with his oldest son Arthur Shakespeare and two younger sons Christopher and James. The newspaper's headquarters were originally located in the Civic retail precinct, in Cooyong Street and Mort Street, in blocks bought by Thomas Shakespeare in the first sale of Canberra leases in 1924. The newspaper's first issue was published on 3 September 1926. It was the second paper to be printed in the city, the first being '' The Federal Capital Pioneer''. Between September 1926 and February 1928, the newspaper was a weekly issue. The first daily issue was 28 February 1928. In June 1956, ''The Canberra Times'' converted from broadsheet to tabloid format. Arthur Shakespeare sold the paper to John Fairfax ...
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Claude De Bernales
Claude Albo de Bernales (31 May 1876 – 9 December 1963) was a British-born Western Australian mining entrepreneur whose business activities and marketing did much to stimulate investment in Western Australia during the early years of the twentieth century. During the 1930s gold production in the State increased from £1,600,000 to £11,800,000 and employment in the industry quadrupled due in considerable part to de Bernales' marketing of the goldfields to overseas investors. De Bernales accumulated immense wealth through complex and elaborate schemes by which he acquired many mining companies and attracted overseas investment and personal support. In the latter part of his life however, financial difficulties and ill-health saw him live as a recluse in Selsey, Sussex, United Kingdom. Early life De Bernales was born in Brixton, London, the son of a Syracuse, New York-born Basque, Manuel Edgar Albo de Bernales, and his American wife Emma Jane, née Belden. He was educate ...
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Robert Champion De Crespigny
Robert James Champion de Crespigny, Order of Australia, AC (born 1950) is a multi-millionaire Australian businessman and founder of Normandy Mining. Currently estimated with his ownership in PBE and Rutherford corporations his net worth is near 1B. In 2004 his personal wealth was approximately $170 million. His positions in corporate and public life include chancellor of the University of Adelaide (2000-2004) and chair of the South Australian Economic Development Board (South Australia), Economic Development Board (2002-2006) and a role on the South Australian Minerals & Petroleum Expert Group (SAMPEG) for the Department of State Development (South Australia), Department of State Development. He resides in the United Kingdom. Career Champion de Crespigny was educated at Melbourne Grammar School and the University of Melbourne, from which he graduated with a Bachelor of Commerce degree. During his university studies, he was resident at Trinity College (University of Melbourne), Trin ...
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The Age
''The Age'' is a daily newspaper in Melbourne, Australia, that has been published since 1854. Owned and published by Nine Entertainment, ''The Age'' primarily serves Victoria (Australia), Victoria, but copies also sell in Tasmania, the Australian Capital Territory and border regions of South Australia and southern New South Wales. It is delivered both in print and digital formats. The newspaper shares some articles with its sister paper ''The Sydney Morning Herald''. ''The Age'' is considered a newspaper of record for Australia, and has variously been known for its investigative reporting, with its journalists having won dozens of Walkley Awards, Australia's most prestigious journalism prize. , ''The Age'' had a monthly readership of 5.4 million. , this had fallen to 4.55 million. History Foundation ''The Age'' was founded by three Melbourne businessmen: brothers John and Henry Cooke (who had arrived from New Zealand in the 1840s) and Walter Powell. The first editi ...
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Joseph Gutnick
Joseph Isaac "Diamond Joe" Gutnick (born June 1952; ) is an Australian businessman, mining industry entrepreneur and the former president of the Melbourne Football Club (1996–2001). He is also an ordained Orthodox rabbi, and is well known for his philanthropy in the Jewish world. He declared bankruptcy in July 2016. Early life Gutnick's father, Rabbi Shneur Chaim HaKohen Gutnick, was born in Zolotonosha, Ukraine, in 1921. He studied at the Telshe yeshiva in Lithuania until 1940 when the country was annexed by the Soviet Union and, via the far east, came to Cairns, Australia in 1941. After serving in the Australian Army until 1944 Gutnick married Rose Chester in 1945 and the couple had six children together, two daughters and four sons, Channah, Peninah, Rabbi Mordechai Gutnick, Rabbi Moshe Gutnick, Avraham, and Joseph. Joseph Gutnick was born in 1952. His father died in 2003 after an influential life in the Australian Jewish community, having become president of the Rabbi ...
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Lang Hancock
Langley Frederick George "Lang" Hancock (10 June 1909 27 March 1992) was an Australian iron ore magnate from Western Australia who maintained a high profile in the spheres of business and politics. Famous initially for discovering the world's largest iron ore deposit in 1952 and becoming one of the richest men in Australia, he is now perhaps best remembered for his marriage to the much-younger Rose Porteous, a Filipino woman and his former maid. Hancock's daughter, Gina Rinehart, was bitterly opposed to Hancock's relationship with Porteous. The conflicts between Rinehart and Porteous overshadowed his final years and continued until more than a decade after his death. Early life Hancock was born on 10 June 1909 in Leederville, Perth, Western Australia. He was the oldest of four children born to Lilian () and George Hancock; his mother was born in South Australia and his father in Western Australia. His father's great-aunt was Emma Withnell, while a cousin was Sir Valston ...
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Gina Rinehart
Georgina Hope Rinehart (, born 9 February 1954) is an Australian heiress, billionaire mining magnate and businesswoman. She is the executive chairwoman of Hancock Prospecting, a privately owned mineral exploration and extraction company founded by her father, Lang Hancock. Rinehart was born in Perth, Western Australia, and spent her early years in the Pilbara region. She boarded at St Hilda's Anglican School for Girls and then briefly studied at the University of Sydney, dropping out to work with her father at Hancock Prospecting. She was Lang Hancock's only child, and when he died in 1992 she succeeded him as executive chairwoman. Rinehart oversaw an expansion of the company over the following decade, and due to the iron ore boom of the early 2000s became a nominal billionaire in 2006. In the 2010s, Rinehart began to expand her holdings into areas outside the mining industry. She made sizeable investments in Ten Network Holdings and Fairfax Media (although she sold her i ...
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Andrew Forrest
John Andrew Henry Forrest (born 18 November 1961), nicknamed Twiggy, is an Australian businessman. He is best known as the former CEO (and current non-executive chairman) of Fortescue Metals Group (FMG), and has other interests in the mining industry and in cattle stations. With an assessed net worth of 33.29 billion according to the '' Financial Review'' 2023 Rich List, Forrest was ranked as the second richest Australian. The ''Financial Review'' named him the richest person in Australia in 2008. In 2013, Andrew and Nicola Forrest, his wife, were the first Australian billionaires to pledge the majority of their wealth to charity. He had earlier stepped down as CEO of Fortescue Metals in 2011. Much of the Forrest's philanthropy has been through either the Minderoo Foundation (focusing on education and Indigenous Australians) or the Walk Free Foundation (focusing on ending modern slavery), both of which he established. Forrest has been accused of avoiding paying com ...
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Clive Palmer
Clive Frederick Palmer (born 26 March 1954) is an Australian billionaire businessman and politician. He has iron ore, nickel, and coal holdings. Palmer owns many businesses such as Mineralogy, Waratah Coal, Queensland Nickel at Townsville, the Palmer Coolum Resort on the Sunshine Coast, Palmer Sea Reef Golf Course at Port Douglas, Palmer Colonial Golf Course at Robina, and the Palmer Gold Coast Golf Course, also at Robina. He owned Gold Coast United FC from 2008 to 2012. Palmer created the Palmer United Party in April 2013, winning the Sunshine Coast seat of Fairfax in the 2013 Australian federal election and sitting as an MP for one term. In 2018, after formally deregistering the party on 5 May 2017, Palmer revived his party as the United Australia Party, announcing that he would be running candidates for all 151 seats in the House of Representatives and later that he would run as a Queensland candidate for the Senate. In the 2019 federal election, despite extensive ...
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