The Surprising Place Where Australia's Richest Woman Recruit
Mar 30, 2017 11:10:53 GMT 7
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Post by Soutpeel on Mar 30, 2017 11:10:53 GMT 7
The Surprising Place Where Australia's Richest Woman Recruits Mine Workers
The woman who became the richest person in Australia by developing some of the nation’s vast iron ore deposits has learned one key lesson from the last commodity bust -- hire cheaper workers.
Billionaire Gina Rinehart is expanding her payroll to ramp up production from the Roy Hill Holdings Pty mine in Western Australia’s remote Pilbara outback. Many of her new employees get paid less because they have little or no mining experience, like Courtney Grove, 24, who studied animal health and science at university. Since last month, Grove has been driving a pink mining truck that shuttles 226 metric tons of ore at the $10 billion mine.
Targeting so-called “greenies” who can be taught basic mining skills is part of Roy Hill’s push to keep costs low in an age of global surpluses and to diversify its workforce. The iron ore industry was hit hard by a three-year slump that eroded profit and left some companies stuck paying unskilled workers as much as A$200,000 ($154,000) annually, twice the average salary in Australia. While prices have rebounded over the past year, the rally isn’t expected to last.
www.bloomberg.com/news/articles/2017-03-29/pink-trucks-netballers-power-billionaire-s-iron-ore-mega-mine
The woman who became the richest person in Australia by developing some of the nation’s vast iron ore deposits has learned one key lesson from the last commodity bust -- hire cheaper workers.
Billionaire Gina Rinehart is expanding her payroll to ramp up production from the Roy Hill Holdings Pty mine in Western Australia’s remote Pilbara outback. Many of her new employees get paid less because they have little or no mining experience, like Courtney Grove, 24, who studied animal health and science at university. Since last month, Grove has been driving a pink mining truck that shuttles 226 metric tons of ore at the $10 billion mine.
Targeting so-called “greenies” who can be taught basic mining skills is part of Roy Hill’s push to keep costs low in an age of global surpluses and to diversify its workforce. The iron ore industry was hit hard by a three-year slump that eroded profit and left some companies stuck paying unskilled workers as much as A$200,000 ($154,000) annually, twice the average salary in Australia. While prices have rebounded over the past year, the rally isn’t expected to last.
www.bloomberg.com/news/articles/2017-03-29/pink-trucks-netballers-power-billionaire-s-iron-ore-mega-mine
