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Rinehart agrees to sell struggling mineral producer for $765M

Gina Rinehart
Gina Rinehart

The nation’s richest woman has given her blessing to sell an embattled resources company to multinational mining giant.

Hancock Prospecting executive chairperson Gina Rinehart (pictured centre) accepted Anglo American’s £404.9 million (A$765.6M) takeover offer for Sirius Minerals.

The target company’s directors have also agreed to the sale, meaning up to 1700 jobs could be saved at its new Woodsmith Mine, 74km northeast of York in the United Kingdom.

Tough times

Sirius has faced multiple setbacks in the country’s bond market, forcing it to cut costs and wind back construction at the project site until it finished reviewing its options. It now has no choice but to accept the takeover bid.

“We now face a stark choice,” Sirius chairman Russell Scrimshaw said in a public statement. “If the acquisition is not approved by shareholders and does not complete there is a high probability that the business could be placed into administration or liquidation within weeks thereafter … [and] put the future of the entire project, and its associated benefits for the local area and the UK, at risk.”

The new owner promises to continue employing workers and developing the project to become a long-term operation.

“Anglo American’s recommended offer provides greater certainty for Sirius’ shareholders, employees and wider stakeholders, while bringing the prospects for the development of this potential tier one project closer to reality,” Anglo American chief executive Mark Cutifani said in a statement. “We intend to bring Anglo American’s financial, technical and product marketing resources and capabilities to the development of the project, which of course would be expected to unlock a significant and sustained associated employment and economic stimulus for the local area.”

Hiring now

The proponent is accepting expressions of interest for a wide variety of positions:

  • plant operators
  • plant mechanics
  • civil engineers
  • procurement
  • project controls/scheduling
  • concrete finishers
  • concrete/grout batching plant operatives
  • security
  • concrete technicians
  • segment erector operator
  • segment installer
  • contracts management
  • crane drivers
  • shaft miners
  • shaft technicians
  • deck operatives
  • dump truck drivers
  • shuttering joiner
  • electrical engineers
  • electricians
  • signallers
  • slingers
  • excavator drivers
  • sprayed concrete plant operator
  • foremen
  • steel fixers
  • forklift operator
  • stores manager/assistants
  • general operatives (surface)
  • superintendents
  • general operatives (underground)
  • supervisors
  • geotechnical engineers
  • TBM specialists
  • groundworkers
  • telehandler operators
  • health and safety
  • tractor/trailer drivers
  • human resources
  • traffic marshalls
  • tunnel/TBM electricians
  • tunnel/TBM fitters
  • loco drivers
  • van drivers
  • logistics and warehousing
  • mechancial engineers.

Click here to apply. Non residents will be considered.

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