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Rinehart warns of $60b investment shortfall

Mark Ludlow

Mining magnate Gina Rinehart says Australia needs to develop more mines if it wants to maintain its current standard of living, warning of a $60 billion investment shortfall in the resources sector.

Delivering a rare public speech at the Queensland Resources Media Club in Brisbane on Tuesday, Ms Rinehart said the mining sector was responsible for helping Treasurer Jim Chalmers deliver the first surplus in 15 years.

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Mark Ludlow writes on politics, energy and infrastructure based in Brisbane. Connect with Mark on Twitter. Email Mark at mludlow@afr.com

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    Original URL: https://www.afr.com/companies/energy/rinehart-warns-of-60b-investment-shortfall-20230516-p5d8q0