Gina Rinehart’s Roy Hill mine makes $3.2 billion profit in 2021-22

Australia’s richest individual Gina Rinehart has reaped a $3billion profit from her largest iron ore mine despite Chinese lockdowns hitting demand for steel-making minerals.

The billionaire’s Roy Hill mine in Western Australia’s remote Pilbara region announced it had made a profit in the 2021-22 financial year.

But it revealed the $3.2billion profit after tax was 28 per cent weaker compared with the previous financial year because of falling iron ore prices.

However, this hasn’t threatened Ms…

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Written by Bourbiza Mohamed

I have 26 years of experience as a professional writer and editor and have been working as a full time freelancer since 2011. I am originally from Casablanca, Morocco, and I graduated from Qatar University with a degree in journalism. I have worked for newspapers, magazines, news agencies, websites. I speak fluent Arabic, French, English, Russian and Spanish.

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