World's richest woman would prefer to pay her miners $2 an hour
By Philip Bump / grist.org
Sep 6, 2012

Meet Gina Rinehart. Born Georgina Hope Hancock, Rinehart is heir to her father’s fortune built at Hancock Prospecting in Australia, where Rinehart remains as executive chair. Hancock Prospecting holds the rights to the world’s largest iron ore deposit and has made Rinehart the richest woman in the world, sitting on a fortune of almost $30 billion USD.

Yesterday, Rinehart lost her cool.

Asia’s richest woman, mining magnate Gina Rinehart, warned on Wednesday that Australia was becoming too expensive for mining firms which she said could hire workers for under $2 a day in Africa.

Rinehart’s comments, promptly denounced by Prime Minister Julia Gillard, coincide with growing concern about the strength of Australia’s mining boom in the face of weaker demand from main customer China and tumbling prices of iron ore, its single biggest export earner. …

“The evidence is inarguable that Australia is becoming too expensive and too uncompetitive to do export-oriented business,” Rinehart told the Sydney Mining Club in a rare public appearance. A video of her address was posted on the club’s website.

“Africans want to work, and its workers are willing to work for less than $2 per day,” she said in the video. “Such statistics make me worry for this country’s future.

 

If you listen to the full statement, Rinehart’s arguments will sound remarkably familiar. She’s a job creator, you see, who wants nothing more than to put people to work. But it’s just so expensive! So she does what any job creator would do: oppose carbon pricing and turn to cheap labor overseas.

0.0 ·
0
Featured Pay Per View Films
Generation Revolution (2017)
72 min
A Quest for Meaning (2017)(Free till Jan 29th)
88 min
Fall and Winter (2013)
102 min
Trending Today
Samantha Bee Weighs in on Aziz Ansari and the #MeToo Backlash and It's Very On Point
8 min21,528 views today ·
The Invention of Capitalism: How a Self-Sufficient Peasantry was Whipped Into Industrial Wage Slaves
Yasha Levine17,481 views today ·
A Quest for Meaning (2017)(Free till Jan 29th)
88 min2,058 views today ·
Paramedic's Response to "Burger Flippers" Making an Equal $15/Hour is Beautiful
Craig Carilli1,839 views today ·
Today I Rise: This Beautiful Short Film Is Like a Love Poem For Your Heart and Soul
4 min1,633 views today ·
John Lennon's "Imagine," Made Into a Comic Strip
John Lennon. Art by Pablo Stanley1,255 views today ·
The Surprising Nobility of Shit: a Serious Response to President Donald Trump’s ‘Shithole’ Remarks About African Immigrants
Adebayo Akomolafe719 views today ·
This Facebook Comment About the UK Election Is Going Viral
Chris Renwick567 views today ·
Born Sexy Yesterday: Another Gendered Hollywood Movie Trope That Needs to Die
18 min378 views today ·
Load More


Love Films For Action? 

It's hard to rely 100% on ads to keep our organization going.
If you get some value from this library, consider making a donation today.

Support us on Patreon

Coming soon! We're days away from launching a Patreon campaign! We hope you'll be among the first to support this new direction for Films For Action. The goal is to go 100% ad-free by next year, and become 100% member supported!

Join us on Facebook
World's richest woman would prefer to pay her miners $2 an hour