Gina Rinehart-controlled Atlas Iron has doubled down on her warnings about the Albanese government’s industrial relations changes after delivering its first dividend for the mining billionaire.
Atlas Iron delivered a $225 million dividend to Mrs Rinehart’s Hancock Prospecting, the first since she prevailed in afor control of the then ASX-listed miner in 2018. Atlas, a smaller cousin to Hancock Prospecting’s Roy Hill operations, sold 9.8 million tonnes of iron ore and paid $81 million in royalties to the WA government.
“Our investments in Atlas and across the group are leading to significant tax and royalty revenues for governments, and payments to indigenous peoples, along with bringing opportunities and greatly increasing living standards across the places where we operate,” she said.
oh yeah greed is still the best gig in town